Asian markets declined amid China's and the EU concerns

Note: This section contains information in English only.
Source: Marketwatch
Asian stocks closed lower on Friday trade as risk-aversion among investors remained high in the light of economic instability in the EU and China. China's Shanghai Composite Index fell by 0.7% while Hong Kong's Hang Seng Index lost 0.3%. Meanwhile Japan's Nikkei 225 and South Korea's Kospi both managed to climb by 0.2 and 0.5%, respectively.

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Fri, 25 May 2012 11:35:50 GMT

Trading in shares of Bankia suspended

Trading in the shares of Bankia has been suspended in Madrid. Market regulator announced that this was done due to circumstances which might influence normal trading. Bankia is said to be forced to ask EUR 15b government bailout. Fourth largest Spanish bank was formed in 2010 after uniting seven troubled regional banks and currently holds EUR 32b worth of troubled assets. 

Fri, 25 May 2012 10:08:50 GMT

Moody's downgraded three Sweden's banks

Moody's cut long-term ratings of three Sweden's banks, citing g overreliance on wholesale funding, risk to asset quality and relatively low profit margins. The ratings agency lowered Nordea Bank AB and Svenska Handelsbanken AB by one notch to Aa3. The firm also cut rating of Landshypotek AB by two notches to Baa2. At the same time, Moody's reaffirmed its ratings

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