Asian stocks mostly lower on China's trade data

Note: This section contains information in English only.
Source: Marketwatch
Asian markets faced a choppy session on Monday with stock indices mostly posting losses as China reported the biggest trade deficit in more than ten years. Japan's Nikkei Stock Average lost 0.4%, China's Shanghai Composite slipped 0.2% while South Korea's Kospi fell 0.8%. Australia's S&P/ASX 200 index gave up 0.4% and Hong Kong's Hang Seng Index added 0.2%.




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Mon, 12 Mar 2012 14:35:18 GMT

Portugal borrowing costs still above 13%

Although Greece has completed its debt swap agreement and yields for Spanish and Italian debt have declined, Portuguese borrowing costs for benchmark notes still fluctuate above 13%. The yield on 10-year notes currently is at 13.71%. Portugal's debt is evaluated as junk by Moody's, Fitch and Standard & Poor's agencies. 

Mon, 12 Mar 2012 14:29:12 GMT

Sarkozy: France may exit Schengen unless illegal immigration is tackled

Nicolas Sarkozy, France's President, said that the country may consider withdrawing for Schengen zone unless more efforts are put in stopping illegal immigration. Sarkozy speaking at President's election rally stressed that the progress has to be made during next 12 months otherwise France will exit Schengen zone. Illegal immigration is expected to be the core issue during elections in France.

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