Asian shares lower on global worries

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Source: Marketwatch
Asian markets showed a weak performance on Wednesday led by resource stocks and banks as investors remained concerned about possible outcome of Greek swap deal. Australia's S&P/ASX 200 index fell 1.5%, Hong Kong's Hang Seng index declined 0.9% and 
Japan's Nikkei Stock Average lost 0.6%. South Korea's Kospi slipped 0.9% and China's Shanghai Composite shed 0.7%. 

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Wed, 07 Mar 2012 14:55:47 GMT

Germany's factory orders unexpectedly drop

Germany's factory orders unexpectedly slipped in January as overseas demand for machinery and similar investment goods fell. Factory orders lost 2.7% compared to a 1.6% gain in December, said Economy Ministry. Economists questioned by Bloomberg earlier predicted an 0.6% increase. On yearly basis orders have dropped 4.9%. Euro erased morning gains on report. 

Wed, 07 Mar 2012 14:05:23 GMT

Hang Seng index extends losses on global concerns

Hong Kong's Hang Seng index prolonged its downward trend on Wednesday as fears about possible Greece's financial collapse and global slowdown returned. Hang Seng index lost 0.86% or 178.47 points and closed at 20,627.78. China Life Insurance tumbled 6.5% after the firm released a profit warning. Worries about global growth pressed commodities with China Coal Energy giving up 1% and

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