Asian-Pacific Markets Fall, Led by Decline in the Nikkei
April 03, 2011
The Tokyo equities market plummeted on low volume, battered by arbitrage-related trading. The Nikkei index of 225 selected issues posted its second-biggest loss of the year. Hong Kong stocks fell on low volume amidst a lack of market-driving news. The Taiwan market fell on light volume, led by declines in petrochemical and technology issues. In Sydney, the market fell slightly, as investors remained unsettled about the future of the U.S. market following a volatile week on Wall Street. South Korean share prices were mixed as profit-taking stirred up after three consecutive days of gains. Singapore investors sold shares following the release of weak June trade data. The Jakarta market was mixed in fairly active trading, but investors were discouraged by the decline on Wall Street during the previous trading day. Shares on the Kuala Lumpur Stock Exchange sank on economic worries. Thai stock prices were stung by growing worries of poor second-quarter profits, combined with a downturn in other bourses in the region. The Dow Jones China 88 Index rose 2.51 to 101.86 at the end of the Asian trading day Monday, after gaining 2.43 points Friday. The Dow Jones Shanghai Index rose 2.99 to 112.50, after advancing 4.32 points Friday. The Dow Jones Shenzhen Index rose 2.77 to 106.18 after rising 1.42 points Friday. In dollar terms, the Asian-Pacific sector of the Dow Jones World Stock Index fell 1.73 to 117.21 Monday after remaining flat Saturday. The world as a whole fell 0.94 to 135.60 after rising 0.01 the previous day. Savings and loan and trucking issues led Dow Jones Global Industry Groups, while securities and cable-broadcasting issues were among the laggers. Asian Stock Market Indexes Market Australia
