Asian markets extend losses on Wednesday

Note: This section contains information in English only.
Source: Marketwatch

Asian stocks declined on Wednesday amid news about bigger than expected drop in house prices and rising Italian borrowing costs. Increase in US consumer confidence did not manage to offset losses. Hong Kong's Hang Seng Index dropped 0.7%, Australia's S&P/ASX 200 index gave up 1.1%, and South Korea's Kospi fell 1.2%. Japan's Nikkei Stock Average tumbled 0.1% while Shanghai Composite was down 0.7%. 

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Wed, 28 Dec 2011 07:54:45 GMT

Dow ends lower while S&P 500 and Nasdaq close up

US stocks traded almost flat on Tuesday. Dow Jones Industrial Average finished slightly down giving up 0.02% or 2.65 points at 12,291.35. Gains from surge in consumer confidence did not outweigh losses from fall in housing prices and climbing Italian borrowing costs. S&P 500 Index finished 0.01% or 0.1 point higher at 1,265.43, while Nadaq traded 0.3% or 6.56 points up at 2,625.20. 

Wed, 28 Dec 2011 07:54:20 GMT

Japan faces deflation for the first time in last decade

Japan's recovery from March tsunami and earthquake, was harmed by drop both in retail sales and production in November.  Industrial production lost 2.6% compared to October while retail sales gave up 2.1%. As result, consumer prices excepting fresh food, tumbled 0.2% on a yearly basis. Japanese economy faces a downward path as exports are declining, said, Yoshimasa Maruyama, Itochu Corp. chief economist. 

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