» 06/22/2012, 00.00
Asian shares down after Moody's downgrades 15 banks
Seoul is down 2.2 per cent, Hong Kong, 1.08. For the banks, Moody's ratings are "unwarranted, arbitrary, [. . .] opaque," and "disappointing". US Federal Reserve cuts half a point from its predictions of US growth.
Oil prices down, Asian stocks up
The International Energy Agency releases 60 billion barrels from the reserves. After seven weeks of decline, share values climb. EU decision to help Greece and Wen Jiabao’s pledge to contain China’s inflation help trend.
Asia stock markets plummet amid fears of new global crisis
All markets slide, some loosing up to 5%. A decline or stagnation of U.S. and European economies feared, with a reduction in consumption and exports from Asia. The G-7 promises to "support financial stability and growth." The ECB seems intent on buying Italian and Spanish bonds. The economies of many Asian countries at risk of. China’s criticism.
Asian markets follow Wall Street and rebound
In Tokyo the Nikkei is back over the 8,000-point barrier. Hong Kong and Mumbai are also up. But scepticism continues to prevail. Shanghai and Singapore are still in negative territory with Seoul worse of all.
Shares lose, as Dexia shows signs it might become Europe’s Lehman Brothers
Shares of the Franco-Belgian bank plunge by 20 per cent. The institution’s exposure to Greek debt is € 4.8 billion. Asian shares lose, Hong Kong by 3.4 per cent, Tokyo 1.05 per cent, Seoul by 3.59 per cent. European shares also drop, London's by 1.4 per cent, Frankfurt by 1.72 per cent, Paris by 1.49 per cent, and Milan by 2.9 per cent.
Stocks up in Tokyo and Hong Kong, stable in Shanghai
Nikkei index gains more than 5 per cent after government announces measures to bolster the economy. Shanghai loses slightly. Wen’s reassurances are not enough. Other Asian markets do well.
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