Asia stocks extend losses on Friday

Source: Marketwatch
Asia shares experienced a further decline on Friday on rebounded worries about deepening European debt crisis and disappointing US mortgage aid program. Japan's Nikkei Stock Average finished 1.2% down, Hong Kong's Hang Seng Index lost 1.3% while Australia's S&P/ASX 200 dropped 0.8%. Shanghai Composite traded almost flat giving up 0.1% and South Korea's Kospi tumbled 1.5%.
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Fri, 06 Jan 2012 08:40:04 GMT

Japan predicted to have faced a contraction in last months of 2011

Japanese recovery from earthquake may have slowed down in November and October, suggest the Japan Center of Economic Research. The analysts predict country's GDP fell in two previous months creating 0.1% contraction for the last quarter. The main reasons for slowdown in growth are the strengthening of Japanese Yen and the drop in European demand. 

Fri, 06 Jan 2012 08:49:06 GMT

Copper futures tumble after French bond auction

Copper futures tumbled to one-week low on the persistent worries over the Euro Zone financial difficulties after French bond auction. COMEX copper for delivery in March traded at USD3.413 a pound during the early European Thursday's trade, on the New York Mercantile Exchange, decreasing by 0.61% since opening.

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