South Pacific currencies fall as Greek talks deadlocked and Japan's imports decline

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Source: Bloomberg
© Scanpix/Reuters
The South Pacific currencies weakened as Greek talks deadlocked, curbing demand for risky assets. The Aussie and kiwi dropped as decrease in Japan's imports clouded outlook for the countries' shipments. The Australian Dollar fell 0.4% to $1.0351 and lost 0.2% to 84.71 yen. The New Zealand Dollar slid 0.4% to 81.37 U.S. and dropped 0.2% to 66.60 yen. 
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Wed, 21 Nov 2012 14:16:05 GMT

Japan's exports fall as demand in EU and China weakens

Japanese exports fell for a fifth consecutive month as demand in the European Union and China faltered. Overseas shipments declined 6.5% in October from the previous year. Export to China weakened 11.6%, while to the EU it was down 20%. Since Japan is an export-dependent economy, slowdown could hurt the economic growth in the country. 

Wed, 21 Nov 2012 10:09:15 GMT

Asian equities outside Japan plunge as Greek talks remain stalemated

Asian shares outside Japan dropped as the eurozone's finance ministers could not decide on Greek debt-reduction plan. The MSCI Asia Pacific eliminating Japan index tumbled 0.2% to 434.78. South Korea's Kospi index slumped 0.5%, while Australian S&P/ASX 200 Index eased 0.4%. China's Shanghai Composite lost 0.5%, whereas Hong Kong's Hang Seng Index surged 0.2%.

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