Asian shares weaker amid EU summit and PBOC announcement

Source: Marketwatch
Asian markets closed lower on Monday as investors awaited for EU summit and anticipated news that Beijing will not introduce monetary easing. Japan's Nikkei Stock Average dropped 0.66%, South Korea's Kospi lost 1.24% while Australia's S&P/ASX 200 slipped 0.4%. Shanghai Composite Index edged down 1.47% and Hong Kong's Hang Seng Index fell 1.19%. 
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Mon, 30 Jan 2012 08:48:30 GMT

Iran is prepared to oil embargo

Iran is prepared to reduce oil exports to the Euro Zone and will curb oil exports to some countries soon, said Iran's Oil Chief. The NIOC head, Ahmad Ghalebani, announced the country has embarked on marketing its oil in the non-European countries since long time ago thus finding new customers is not a problem.

Mon, 30 Jan 2012 07:49:55 GMT

Aussie and Kiwi weaken ahead of EU summit

New Zealand and Australian Dollar depreciated against most of their peers on Monday before EU officials meet today in Brussels to debate on debt turmoil. Aussie gave up 0.7% to $1.0588, while Kiwi slipped 0.5%, reaching $0.8209. Analysts see some pessimism returning to markets. AUD/USD currently is trading at $1.0549 and NZD/USD is trading at  $0.8182.

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