Asian shares slide on the euro-zone outlook

Note: This section contains information in English only.
Source: Marketwatch

Asian shares closed lower as market sentiment was impacted by the ECB decision and the euro-zone summit. Hong Kong's Hang Seng Index and Japan's Nikkei Stock Average both lost 0.7%. South Korea's Kospi lost 0.4%, Australia's S&P/ASX 200 Index tumbled by 0.3% while the Shanghai Composite Index declined 0.1%.

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Thu, 08 Dec 2011 15:28:08 GMT

Severstal income declines on the weaker ruble

OAO Severstal, Russian steel producer, announced the decrease in net profit in Q3 by 29% to $429 million. The decline was mainly caused by forex losses Severstal experienced because of weakening ruble. Experts surveyed by Dow Jones Newswires expected the net income to be $480.3 million.

Thu, 08 Dec 2011 16:36:59 GMT

Hang Seng Index ends lower as Europe outlook worsens

On Thursday Hong Kong's Hang Seng Index lost 0.7% or 132.77 points and closed at 19,107.81, as investors were concerned about the outcome of upcoming summit, ECB decisions on interest rate as well as German government's refusal to operate two bailouts simultaneously. Shares of companies that are highly exposed to Chinese markets provided most negative contribution. Tsingtao Brewery Co. fell 3.2%, Gome Electrical Appliances Holding Ltd. declined

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