asian stock market outlook march 21 2012

asian stock market outlook march 21 2012 : The Asian stock markets are expected to open under pressure on Wednesday, thanks to concerns about the health of the Chinese economy. After indications that Chinese iron ore demand is flattening, traders also fret over news that China is raising retail gasoline and diesel prices for the second time this year.

Adding to the negative sentiment, the Commerce Department reported an unexpected drop in U.S. housing starts in February.

The global forecast for the Asian markets suggests consolidation thanks to concerns about the health of the Chinese economy after indications that Chinese iron ore demand is flattening. Adding to the negative sentiment, the Commerce Department reported an unexpected drop in U.S. housing starts in February. The European and U.S. markets finished firmly in the red and the Asian bourses are expected to follow that lead.

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