Asian markets mostly fell, today, following weak US economic data. So Japan's Nikkei lost 1.4%; China's Shanghai Composite index slipped 0.7%; Singapore's Straits Times index shed 0.4% and South Korea's Kospi closed the day unchanged. But Hong Kong's Hang Seng gained 0.4%.In Europe, stocks fell, amid lingering worries over Spain's rising borrowing costs. Key indices, London's FTSE-100, France's CAC-40 and Germany's DAX slipped between 0.5 percent and 0.8 percent in intra-day trade, today. Meanwhile, a meeting of European officials is scheduled today, where they are expected to formally approve an agreement to lend up to euro 100 billion euros to Spain to capitalize the nation's lenders. Yesterday, Germany's lower house of parliament voted overwhelmingly in favor of the move.
News On AIR | July 20, 2012 6:35 PM
Asian markets slip following weak US economic data