Search Now

Recommendations

Monday, August 17, 2009

Asian stocks open in red


Asian stocks dropped after an unexpected decline in a US consumer confidence index raised concern about the strength of a revival in global growth.

Sony Corp sank more than 3.5%. Nissan Motor lost almost 2.5% in Tokyo.

Japanese benchmark index Nikkei 225 fell 235.39 points, or 2.22%, to trade at 10,361.94.

Hong Kong`s Hang Seng index declined 426.03 points, or 2.04%, to trade at 20,467.30.

China`s Shanghai Composite decreased 36.38 points, or 1.19% to trade at 3,010.59.

Taiwan`s Taiex index gained dropped 104.93 points, or 1.48%, to trade at 6,964.58.

South Korea`s Kospi index lost 18.18 points, or 1.14%, to trade at 1,573.23.

Singapore`s Straits Times sank 53.66 points, or 2.04%, to trade at 2,577.85. (7.42 a.m., IST)