Dow up 5.5%, S&P flat, while Nasdaq down 1.8% for 2011

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Source: Marketwatch
US stocks closed lower on the last trading day for the year. S&P 500 Index fell 0.43% or 5.42 points to 1,257.60, Dow Jones Industrial Average declined 0.57% or 69.48 points finishing at 12,217.56 and Nasdaq Composite Index dropped 0.33% or 8.59 points to 2,605.15. On yearly basis S&P 500 ended flat, Dow Jones gained 5.5% and Nasdaq gave up 1.8%. 
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Mon, 02 Jan 2012 07:45:56 GMT

Asian stocks experienced decline on the first trading session

Most of Asian shares fell during the first trading session of 2012 on worries European debt turmoil will hinder global growth. South Korean Kospi was flat while Taiwan's Taiex Index dropped 1.7% after HSBC survey indicated contraction in manufacturing. MSCI Asia Pacific (excluding Japan) lost 0.4%, Indonesia's Jakarta Composite index sank 0.3% and BSE India Sensitive Index dipped 0.3%. Markets in Japan, Hong Kong and US were closed

Mon, 02 Jan 2012 07:45:37 GMT

Purchasing Managers' Index deteriorates in South Korea and Taiwan

According to HSBC survey manufacturing outlook in Taiwan and South Korea contracted in December. HSBC's production Purchasing Managers' Index (PMI) for Taiwan firms was 47.1, remaining below 50 for a seventh consecutive month. PMI for South Korean companies was 46.40 which is the weakest reading in three years. Both economies suffer from large decline in new orders, said HSBC analysts. 

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