5 March, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 06/12/2012
ASIA - EU
Asian markets drop after euphoria over Spain cools and fears for Italy and Greece emerge
Stock markets drop to almost 1%. Lack of commitment on growth. For China aid to Spain contain short-term crisis, but no safeguard to stability. On 17 June, Greece votes for or against the euro.

Hong Kong (AsiaNews) - The Asian markets have opened almost all dropping 1%, after the mild euphoria of yesterday, in the hope that the loans of 100 billion euros to Spain would mark a beginning of solution to European debt.

But yesterday, the Spanish treasury bonds rose by 6.5% and Italy's 10 year bonds went to 6.032%.

Today, the Nikkei fell below 1%, that of Shanghai and Hong Kong by 0.8, 0.9 Seoul. All shares of companies that trade with Europe declined about 2%.

The fears of analysts is that the European crisis will continue to spread and that the Union is doing much to lend money to banks, but little for growth. Yesterday stock markets in the U.S. and Europe also took hits.

Adding to uncertainty is the June 17 vote in Greece, after inconclusive election last May 6, unable to produce a government to direct the country under an austerity regime following the dictates of the EU. The next Greek elections seem to be characterized by the decision of whether to stay in or exit from the euro.

China, which Europe has recently asked for financial support, but to no avail, said that the EU's move to aid Spain serves to curb the crisis in the short term, but more decisive steps are needed to protect a more continuous stability .

 

 


e-mail this to a friend printable version

See also
04/28/2010 ASIA - EU
Asian markets fall in wake of crisis in Greece
06/30/2010 ASIA
Asian stock markets fall, doubts about recovery in China
05/12/2011 ASIA
Asian markets dragged down by Wall Street sell-off
07/29/2011 ASIA
Asian markets plummet after Republican say no to Boehner plan
06/11/2012 ASIA - EU
Asian stock markets recover after aid to Spanish banks

Editor's choices
EGYPT - ISLAM
What Tayeb and Sisi said is big step towards a revolution in Islam
by Samir Khalil SamirThe grand imam of Al-Azhar slammed literalist interpretations of the Qur'an and the Sunnah, as fundamentalists and Islamic terrorists do. He supports the urgent need for Islam's reform, especially in terms of teaching lay people and clerics. He also calls for an end to mutual excommunication (takfir) between Sunnis and Shias. Egyptian President al-Sisi chose to fight the Islamic state group after it beheaded 21 Coptic Christians, whom he called "Egyptian citizens" with full rights.
SAUDI ARABIA - ISLAM
For head of Al-Azhar, religious education reform is needed to stop Islamic extremismFor Ahmed al-Tayeb, it is urgent to come up with new educational programmes to avoid "corrupt interpretations" of the Qur'an and Sunnah. Islamic terrorism undermines the unity of the Muslim world. He blames Mideast tensions on a "new global colonialism allied to world Zionism". a speech by the Saudi king is read at the conference.
HONG KONG - CHINA - VATICAN
It looks like someone is trying to shout us down
by Card. Joseph Zen Ze-kiunThe widespread optimism concerning the dialogue between the Holy See and China is largely groundless. Some Chinese bishops unable to speak freely are asked "leading" questions. The key issues remain unresolved, namely episcopal appointments and the fate of the Chinese Catholic Patriotic Association. Benedict XVI's Letter to Chinese Catholics, also cited by Pope Francis, provides guidelines. No agreement is better than a bad agreement. What happened to Msgr. Cosma Shi Enxiang and Msgr. James Su Zhimin? Hong Kong's bishop emeritus, champion of religious freedom in China, delivers a vibrant reflection.

Dossier

by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.