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Posts Tagged ‘Taiwan Capitalization Weighted Stock Index’

Asian stocks fell in trading Monday triggered a growing concern due to cuts in the Euro Zone’s debt rating by Standard & poor’s which will further exacerbate the difficulties of the euro zone and recapitalization funds, threatening to derail progress in resolving the debt crisis.

Reuters report on rating agencies S & P cuts rating of 9 out of 17 Member States of the euro zone, including France and Austria, rating and said it may be terminated immediately if the bailout funds will downgrade the euro zone. It adds to Twitter, talks stalled over the bailout of Greece, put Athens under strong pressure to complete the deal with bondholders to cut debt to a more sustainable level or default risk in March that when it has to redeem bonds are great.

FTSE CNBC Asia 100 index, which measures the market across Asia, fell 1.6 percent.

Japan’s Nikkei average dropped 1.6 percent after S & P rating debt France from stripping to the status of triple-A precious and cut the credit ratings of eight countries of the euro zone, it is also another blow to the region in a bid to end the debt crisis.

Exporters fell due to news that approximates the pressure level of the euro in 11-year lows against the US dollar and the lowest in 16 months against the yen. While the Topix index fell 1.6 percent to 723,25.

Seoul shares slip, also triggered towards S & P downgrade 9 country euro zone. Joint-stock price index (KOSPI) Korea down 0.9 percent to 1,905.75

Australia also shares slip 1.1%. The Benchmark S & P/ASX 200 index was down points to 48.4 4.147 .5. New Zealand Benchmark NZX 50 index slipped 0.3 per cent to 3.216 v1.3.

Taiwan stocks opened up 0.8 percent after incumbent President Ma Ying-jeou was elected, showed better economic ties with China. The main stock index up Taiwan TAIEX 60,38 points to 7.241 .92.

Hong Kong shares opened down quite low, dragged by a weakening in China after the stock rose last week waiting for economic data expected out this week.

Hang Seng index was down 0.8 per cent to 19.057, 1. Shanghai Composite slipped 0.6 percent to 2.230 1,2,3,4,5. In Southeast Asia, Singapore Straits Times index and benchmark KLCI Malaysia both fell respectively 1 and 0.5 per cent.