Nikkei 225 plunges on S&P ratings agency decision

Source: Dukascopy Bank
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Japan's Nikkei Stock Average tumbled 1.43% or 121.66 points closing at 8,378.36 on Monday, with all 10 industries posting losses after S&P ratings agency downgraded 9 Euro Zone nations including France and Italy. European demand-exposed producers and financials faced the biggest drop as Mazda Corp. edged down 3.1%, and Sony Corp. lost 2.3%. Nomura Holdings Inc. declined 2.8%, whereas Mitsubishi UFJ Financial Group Inc. fell 2.7%. The shares of shipping firm Kawasaki Kisen Kaisha Ltd. gave up 3.8%.

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Mon, 16 Jan 2012 16:43:12 GMT

Carnival shares fall by 20% after shipwreck

Carnival Corp. experienced a sharp drop in share price on Monday trade in London after Costa Concordia ship suffered in crash near the cost of Italy where 5 people died. Company's equities lost 20% and Morgan Stanley downgraded its shares from overweight to equal predicting Carnival Corp. may suffer further loss if investigation proves failure of meeting safety standards. 

Mon, 16 Jan 2012 16:42:08 GMT

Hang Seng and gold move in opposite directions for 4 straight sessions

Hang Seng Index (HI) faced weakening link with gold (GOLDSH) commodity as both assets moved in the opposite directions in each of the last four trading sessions suggesting gold is more demanded when securities face uncertainty. The link between Stoxx Europe 600 Index (SXXP) and Hang Seng Index (HI) kept strengthening on Friday, approaching 0.25 though it still can be

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