Asian stocks decline on U.S. Republican cancelled vote

Source: Bloomberg
© Scanpix/Reuters
Asian stocks declined after U.S. Republicans cancelled a planned tax vote. The MSCI Asia Pacific Index fell 0.6% to 128.39, reversing a 0.6% advance driven by positive data that added to signs the world's largest economy is recovering. Japan's Nikkei 225 Stock Average lost 0.7% and South Korea's Kospi Index slid 1%. Australia's S&P/ASX 200 dropped 0.2% and New Zealand's NZX 50 Index lost 0.5%. 
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Fri, 21 Dec 2012 11:24:18 GMT

Dollar, yen advances on spurring demand for refuge assets

The U.S. Dollar and the Japanese Yen advanced on demand for haven assets as U.S. delayed budget vote, increasing concern the ‘fiscal cliff' will drag the U.S. economy into recession. The Yen rose versus all the major counterparts, gaining 0.4% to 84.03 per greenback. The Dollar climbed 0.3% to $1.3208 per Euro, snapping a weakly loss to 0.4%.  

Fri, 21 Dec 2012 12:37:18 GMT

Aussie drops as U.S. Republicans canceled tax vote

The Australian Dollar dropped to the lowest level in more than 2 weeks as U.S. lawmakers cancelled tax vote. The Aussie Dollar weakened 0.3% to $1.0453 from yesterday, after earlier fetching $1.0438, the weakest level since December 4. Australia's Dollar is set for a 1.1% weakly decline, the biggest since 5 trading days ended October 5. 

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