Asian stock market down november 16 2011

Asian stock market down november 16 2011 : Asian shares and the euro fell on Wednesday on fears that the debt crisis may spread to other euro zone nations. This was because rising borrowing costs were affecting AAA-rated France.

The political outlook remained unclear in Italy and Greece as they tried to push through severe austerity measures needed for bailout package and win the market confidence. The Italy Prime Minister designate, Mr Mario Monti, is expected to unveil Italy's new government on Wednesday.

Japan’s Nikkei 225 was down 11.95 points or 0.14 per cent at 8,529.98. Hong Kong’s Hang Seng shed 361.09 points or 1.87 per cent to 18,987.35. Singapore’s Straits Times fell 14.59 points or 0.52 per cent to 2,796.99. South Korea’s Kospi was down 13.86 points or 0.73 per cent at 1,872.26.

Australia’s S&P/Asx 200 shed 19.20 points or 0.45 per cent to 4,266.40. China’s Shanghai Composite lost 38.96 points or 1.54 per cent to 2,490.80. Taiwan’s Taiex declined 81.52 points or 1.09 per cent to 7,409.54. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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