Tue, 08 Nov 2011 12:33:55 GMT
Most of Asian stocks decline on Tuesday
On Tuesday Asian markets moved on
contrasting directions. Japan's Nikkei Stock Average lost 1.3%, China's
Shanghai Composite dropped 0.2%, while South Korea's Kospi slipped 0.8%. In contrast, Hong Kong's Hang Seng Index
closed flat and Australia's S&P/ASX 200 index gained 0.5%. Positive moves
were associated with hopes that Greece will obtain next funding package,
whereas declining indices reflected investors' concerns regarding Italy
political chaos.