2 September, 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


» 05/16/2012
ASIA
Fears over Greece and Chinese loans drag Asian markets down
Losses in Hong Kong (-2.7), Tokyo (0.8), Shanghai (-0.4), Seoul (-1.3). Influence of new elections in Greece and its possible pullout of euro zone, but also fears of a clampdown on loans by China.. Chinese banks, PetroChina and even gambling are in crisis.

Hong Kong (AsiaNews) - Asian markets have been hit by losses, spurred on by fears over the fate of Greece and the euro zone. At midday the stock market index in Hong Kong fell by 2.7%, reaching the lowest point in the last four months. Tokyo is also negative (-0.8%); Shanghai -0.4; Seoul - 1.3%.

Analysts point the finger to Greece, where yesterday political leaders have failed to form a new government, giving way for new elections in June. The fear is that the next election will be won by a government opposed to the drastic austerity measures imposed on the country, affecting aid for the rehabilitation of the sovereign debt. Without this aid Greece would be forced to declare bankruptcy and leave the euro zone.

Yesterday, news of the failure to form a government in Athens unleashed a wave of negativity on all European markets and Wall Street.

The negative results are also due to the news coming from China, yesterday the official media reported that the four domestic banks registered no increase in lending in the last two weeks, raising fears of a sharp slowdown in the Chinese economy.

Some banks among the strongest in China, such as China Construction Bank lost 2.2% in Hong Kong and 1.3 in Shanghai, the China Citic Bank was down 6% in Hong Kong and PetroChina lost for 3.2 and 0.7 in Hong Kong and Shanghai.

Even gambling is in crisis, Galaxy Entertainment has lost 3.6% and Wynn Macau, 4.8.

 


e-mail this to a friend printable version

See also
02/13/2012 ASIA - GREECE
Stock markets gain in Asia, while Athens burns
04/28/2010 ASIA - EU
Asian markets fall in wake of crisis in Greece
09/06/2011 ASIA
Asian markets slide, fears over euro and U.S. unemployment
03/25/2013 ASIA - CYPRUS
Asian markets up after deal to save Cypriot economy
05/07/2012 ASIA-EUROPE
Asian stocks fall after the elections in France and Greece

Editor's choices
IRAQ-ITALY
"Adopt a Christian from Mosul," the thanks of the Patriarch Louis Sako; the concerns of the Bishop of Kurdistan
by Bernardo CervelleraThe head of the Chaldean Church is grateful for the AsiaNews campaign and hopes that "this chain of solidarity will reach far and wide”. Helping refugees to remain in Iraq. But many want to flee abroad. The bishop of Amadiyah where thousands of displaced people have found haven in churches and homes: We also help the Arabs (Muslims), and Yazidis, for free and without looking at our confessional differences.
ITALY - IRAQ
"Adopt a Christian from Mosul" to respond directly to Iraq's emergencyAsiaNews is launching a fundraiser to support Christians targeted by the Islamic State, thus responding to a request by the Patriarch of Baghdad and Pope Francis's urgent appeal "to guarantee all necessary assistance - especially the most urgently needed aid - to the great multitude of people who have been driven from their homes, whose fate depends entirely on the solidarity of others." More than 100,000 people have been forced to flee their homes leaving everything behind and now have nothing to live on. To help them, five euros a day are enough. The funds raised will be sent to the Patriarchate of Baghdad, which will distribute them according to the needs of each family.
CHINA - VATICAN
Wenzhou bishop and priests slam government's campaign against crosses and churches in Zhejiang
by Eugenia ZhangFor Mgr Vincent Zhu Weifang, from the official Church, the campaign of destruction is increasing social instability. It is real persecution against the Christian faith. The bishop apologises for failing to intervene sooner. He was hoping that the campaign would end quickly. Catholics and Protestants suffer injuries as they attempt to defend their sacred buildings. For priests in Wenzhou, the campaign is unfair and touches buildings that have all the right papers. Such "stupid acts" by the government are undermining social harmony.

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.