February 10, 2012 6:05 PM

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Most Asian markets fell, today, after Greece approved a long-awaited austerity agreement, but international backers called for ratification of the reforms before more bailout funds would be released. So, Japan's Nikkei-225 slipped 0.6%; Hong Kong's Hang Seng lost 1.1%; South Korea's Kospi dropped 1% and Singapore's Strait Times index shed 0.7%. But, China's Shanghai Composite index edged up 0.1%. In economic news, China's trade shrank in January from a year earlier, with factory shutdowns for Lunar New Year holidays. Customs data today showed imports sank 15.3 percent in January over the same month last year – the lowest since August 2009. Exports fell 0.5 percent over the same period, the worst showing since November 2009. It left China with a trade surplus of 27.3 billion dollars in January, its biggest in six months and confounding expectations of a further narrowing.European stocks also fell, today, after euro-zone finance ministers put-off on approving a fresh tranche of aid for Greece. Key indices, London's FTSE-100, France's CAC-40 and Germany's DAX fell betwen 0.4 percent and 0.7 percent in intra-day trade. The ministers are scheduled to meet next Wednesday.

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