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» 05/12/2011 11:24
ASIA
Asian markets dragged down by Wall Street sell-off
Negative indices caused by the fall of prices in oil, silver and gold. The dollar gains on the euro because of crisis in Greece.

Hong Kong (AsiaNews / Agencies) - All Asian stock markets are down today, after yesterday’s sell-off on Wall Street, caused by falling commodity prices, especially oil, silver and gold.

Yesterday the price of oil on the New York Stock Exchange fell by 5.5%, silver fell by 8, 3% and gold 0.9%. Today at noon the Tokyo Stock Exchange fell by 0.79%,  Shanghai by 0.36%, Hong Kong by 0.83%, Seoul was down by 1.13.

The price of oil has fallen mainly because data was published showing an increase in U.S. reserves. China and the U.S. are the two largest energy consumers. On the other hand, the dollar strengthened slightly against the euro, due to the problems of Greece’s’ defaulting on its debt. Two days ago the euro was trading at 1. 4410 against the dollar. Last night, its value was 1.4215.


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See also
06/30/2010 ASIA
Asian stock markets fall, doubts about recovery in China
04/28/2010 ASIA - EU
Asian markets fall in wake of crisis in Greece
10/10/2008 ASIA
Asian markets panic after Walt Street’s plunge
07/22/2010 ASIA
Bernanke’s "uncertainties" slow Asian stock markets down
07/29/2011 ASIA
Asian markets plummet after Republican say no to Boehner plan

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