Asian Stocks Tumble Amid Europe Debt Worries
Save Email Print
Bookmark and Share
Posted: 9:09 PM Sep 11, 2011
Asian Stocks Tumble Amid Europe Debt Worries
Asian stock markets are sharply lower in early trading amid intensifying worries about Europe's debt problems. Sentiment also soured after Wall Street sustained heavy losses before the weekend.
Reporter: The Associated Press
Email Address: News@kolotv.com
Font Size:

TOKYO (AP) - Asian stock markets are sharply lower in early
trading amid intensifying worries about Europe's debt problems.
Sentiment also soured after Wall Street sustained heavy losses
before the weekend.

Japan's Nikkei 225 stock average fell 2.1 percent to 8,550.45, hitting six-month intraday lows.

Hong Kong's Hang Seng index shed 3 percent to 19,264.68. In
Australia, the S&P/ASX 200 lost almost 3 percent to 4,069.8.

Benchmarks in New Zealand and Singapore also retreated.

In currencies, the dollar was trading at 77.49 yen. The euro stood at $1.35946.

Financial markets in South Korea, China and Taiwan were closed
Monday for national holidays.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More Stories
US Business News
  • GM Says Facebook Ads Don't Pay Off
    GM plans to stop advertising on Facebook after the auto maker decided that paid ads on the site have little impact on consumers' car buying.
  • Apple Moves Toward Larger iPhone Screens
    Apple, which is expected to launch its next-generation iPhone later this year, has ordered bigger screens from its Asian suppliers, people familiar with the situation said.
  • Hedge or Bet? Parsing a Trade
    The strategy behind J.P. Morgan's complicated trades could raise new questions about whether the bank was hedging its risks or making a big bet.
  • EADS Optimistic Despite Charge
    EADS took a €158 million charge in the first quarter to fix wing cracks in its iconic A380 superjumbo, but the aerospace giant raised its projection for earnings for the full year on increased commercial jet production.
  • Richemont Defies Asia Slowdown
    Richemont defied the wider economic gloom with a robust set of full-year results, but demand for its expensive watches and jewelry is showing signs of a slowdown in the crucial Asia-Pacific market.
  • Cardinal, U.S. in Settlement
    Cardinal Health agreed to settle with the Drug Enforcement Administration over the distribution of addictive pain pills in Florida.
  • Activist Moves Into PepsiCo
    Relational Investors, an activist shareholder firm, disclosed it has a $600 million stake in PepsiCo, a move that could step up pressure on the beverage and snack giant.
  • J.C. Penney Posts Loss; Stock Slumps
    J.C. Penney swung to a loss in its latest quarter on restructuring costs and a 20% drop in sales. Its shares fell sharply, as the retailer also suspended its dividend.
  • HTC Delays Smartphone Launch
    HTC faces another setback in the U.S. as the Taiwanese handset maker said Wednesday that a customs review required by a trade body will cause a delay in the launch of a new smartphone
  • For CEO Hart, a Battle to Revamp the Slots Business
    Patti Hart wants to transform Internet Gaming Technology from a slots-machine business into a company poised to benefit from Internet gambling.