South Korean Won weakens on anxiety European crisis will hit Asian economies

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Source: Bloomberg

South Korean domestic currency Won depreciated as investors remained worried about European debt turmoil impact on Asia's growth. The Won lost 0.2% against greenback reaching 1,154.45 Won per one US Dollar. On yearly basis South Korean currency has dropped 2.2%. Experts predict further depreciation for the Won. Domestic inflation reached 4.2% in December while yields on sovereign bonds due 2016 climbed two basis points.

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Mon, 02 Jan 2012 07:46:33 GMT

Indonesia inflation slows down for a fourth straight month

Indonesian inflation slowed for the fourth consecutive month in December, reaching the lowest reading since 2010, said Jakarta based Central Bureau of Statistics. Consumer prices added 3.79% on a yearly basis compared to 3.86% predicted by economists. In November inflation reached 4.15%. Bank Indonesia's officials left interest rates unchanged in December after cutting them in November and October.

Mon, 02 Jan 2012 07:46:19 GMT

Dow up 5.5%, S&P flat, while Nasdaq down 1.8% for 2011

US stocks closed lower on the last trading day for the year. S&P 500 Index fell 0.43% or 5.42 points to 1,257.60, Dow Jones Industrial Average declined 0.57% or 69.48 points finishing at 12,217.56 and Nasdaq Composite Index dropped 0.33% or 8.59 points to 2,605.15. On yearly basis S&P 500 ended flat, Dow Jones gained 5.5% and Nasdaq gave up 1.8%. 

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