Japan's Nikkei 225 ends lower after holiday

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Although most Asian market indexes recovered on Thursday, Nikkei 225 closed lower at 8,165.18 giving up 149.56 points or 1.8%. Analysts explain Nikkei's loss as investors attempt to catch up to yesterday's developments in Europe. German poor auction amid poor manufacturing report from China had a negative impact on the index. Nikkei 225 was mainly hit by blue chip companies. Fujitsu Ltd. lost 2.6%, Hitachi Ltd. declined 2.5% while Nintendo Co. dropped 4.3%. On the upside, Olympus Corp. shares added 17.3% on hopes that it could save its equities from delisting.

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Thu, 24 Nov 2011 13:53:28 GMT

S&P 500 extends losses

Standard & Poor's 500 Index lost 2.2% or 26.25 and closed at 1,161.79. All 10 industries in index experienced decline, led by banks, material makers and energy companies. Index declined for sixth consecutive day in a row which is the longest decline since August. Bank of America declined 4.28%, Janus Capital Group Inc. gave up 4.41%. Cabot Oil & Gas Corp. and Tesoro Petroleum Corp.

Thu, 24 Nov 2011 13:50:21 GMT

Hang Seng index closed higher

On Thursday trade Hang Seng index experienced first increase this week as People's Bank of China agreed to ease reserve obligations for more lenders encouraging investors to believe in additional relaxation. Hang Seng closed at 0.4% or 70.67 points higher climbing to 17,935.10. Main positive contribution to the index was provided by property developers. China Overseas Land and Investment Ltd.  jumped 5.6%, China Resources Land

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