Asian stocks trade lower on Australia and S&P warnings

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Source: Marketwatch
© Scanpix/New York Times
Asian stocks closed lower on Tuesday as Standard & Poor's positioned most of Eurozone on monitoring for a credit rating downgrade and Australian central bank has cut its benchmark interest rate. Hong Kong's Hang Seng Index edged down 1.6%, Shanghai Composite Index lost 0.8%, while South Korea's Kospi fell 1.2%. Australia's S&P/ASX 200 index dropped 1.1% and Japan's Nikkei Stock Average declined 1.0%.

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Tue, 06 Dec 2011 07:25:23 GMT

S&P places 15 euro area countries on negative outlook

On Monday Standard & Poor's positioned sovereign credit ratings of 15 nations on CreditWatch negative that could lead to downgrade in forthcoming few months. According to S&P statement, disagreements among European leaders on how to resolve the European debt turmoil are putting negative pressure on overall credit rating of the Eurozone. 15 countries include 6 AAA rated countries: Germany, France, Netherlands Austria, Luxembourg and Finland. Greece

Tue, 06 Dec 2011 07:01:39 GMT

Canadian stocks gain on euro-zone optimism

Canadian stocks experienced gains following the news about new European treaty aimed at strengthening fiscal regulations in the euro-zone. The S&P/TSX Composite Index added 165.88 points to 12,240.97, after slight losses on Friday. The S&P/TSX Capped Diversified Metals and Mining Index increased by 4%,  the S&P/TSX Capped Energy Index gained 2.2% and the S&P/TSX Capped Industrials Index increased by 1.8%.

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