Asian stock indices fell

When you thought the stock rally of past seven trading sessions signifies the good time once again, stock indices fell today across almost all markets in Asia and Australia.

Hang Seng was down 1.88%; Nikkei was down 1.37%; Shanghai Composite was down 2.37%; Korea Kospi was down 1.19%; Australia All Ordinaries was down 0.93%.

Singapore’s Straits Times Index (STI) is currently down 1.55% at 2,932 points (at 4.47 pm).

The earlier confidence shown by investors was shattered by poor economic news of US, Eurozone countries, Japan and China. The current economic problems were a concern for most countries. China’s People’s Bank of China (PBOC) and European Central Bank (ECB) had started expansionary monetary policies to prop up their slowing economies. Both had reduced benchmark interest rates (discount rates) over the weekend. They knew the conditions of their economies to take these actions. Investors should take heed that the global economy for 2012 will be worst off compared to 2011. Caution against over exuberance in equity investment is advised.

Copyright © 2012, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

This entry was posted in Financial Management and tagged . Bookmark the permalink.

1 Response to Asian stock indices fell

  1. Make Money Today says:

    You actually make it appear really easy along with your presentation however I in finding this topic to be actually one thing which I believe I would never understand. It seems too complicated and very huge for me. I’m having a look ahead in your subsequent submit, I will attempt to get the hang of it!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.