Nikkei 225 experiences a slight decline

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Source: Marketwatch
© Scanpix/AP
Japan's Nikkei Stock Average dropped 0.51% or 43.21 points on Wednesday trade and closed at 8,434.61. On monthly basis Nikkei 225 has lost 6.2%. Tech and resource stocks were among main decliners in the index. Sony Corp. lost 1.4%, Advantest Corp fell 2.7% while Elpida Memory Inc. edged down 5.6%. Metal producer Sumitomo Metal Mining Co. traded down 1.7%. In contrast, Olympus Corp. added 2.2% after rejecting claims it will not manage to avoid delisting. 
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Wed, 30 Nov 2011 14:34:32 GMT

Bank of America share price moving towards $5

On Tuesday Bank of America's stocks fell more than 3% reaching a new one-year record low at $5.03 which is its lowest share value since March 2009. On yearly basis company has lost 62%. Bank of America was among financials that was downgraded by S&P yesterday. Company's rapidly diminishing value may force it to sell assets. BoA is also planning to fire approximately 30,000 employees

Wed, 30 Nov 2011 13:46:23 GMT

Hang Seng Index down as European worries return

On Wednesday trade Hong Kong's Hang Seng Index lost 1.46% or 266.85 points closing at 17,989.35 as uncertainty on European sovereign debt crisis flashed back into markets. Resource companies that boosted index at the beginning of week pushed it back down on Wednesday. Aluminium Corp. of China Ltd. traded down 4.3% while Jiangxi Copper Co. declined 4.4%. Financial shares also hurt the index with Bank

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