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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)