24 July, 2014 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
VATICAN
Pope: I am with the persecuted Christians of Mosul and the Middle East "May the God of peace inspire in all a genuine desire for dialogue and reconciliation. Violence is never defeated with violence. Violence is defeated with peace." At the Sunday Angelus Francis comments on the parable of the wheat and the weeds. God is "patient" He knows "the same weeds in the end, may become good wheat". But "at the time of the harvest, that is, of judgment, the reapers will execute the order of the master separating the weeds to be burned".
CHINA - VATICAN
Beijing, seminarians desert graduation ceremony: We will not celebrate Mass with illegitimate bishops The rector of the seminary is the illegitimate bishop Joseph Ma Yinglin: Students refuse to concelebrate with him and reject Msgr. Fang Xingyao, who has participated in several illegal episcopal ordinations. The directors close the year without awarding diplomas and send students home: rumors of some courses being "suspended" in September. The precedent of 2000, when 130 young students chose fidelity to the Pope over compromise with the government.
HONG KONG-CHINA-VATICAN
Card Zen: Religious freedom and civil liberties are united, for China and Hong Kong
by Bernardo CervelleraA wide ranging conversation with the bishop emeritus of Hong Kong: the courage of Msgr. Ma Daqin, who sent a message to Pope Francis; underground Catholics are also prepared to be arrested; suspicions about Beijing’s sincerity towards possible dialogue with the Holy See. And in Hong Kong, the march for a referendum on democracy; support for "Occupy Central"; the fear of the government and arrests. Card. Zen reaffirms that religious freedom and civil liberties go hand in hand.

Dossier
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
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.