Sunday, July 8, 2012

asian stock market down july 9 2012

asian stock market july 9 2012, stock futures 7/9/2012 : Asian stocks fell on Monday on poor jobs data out of the U.S., a key export market. Weak machinery orders out of Japan and lower-than-expected inflation rates out of China sent stocks falling as well.

During Asian trading on Monday, Hong Kong's Hang Seng Index was down 0.53%, Australia's S&P/ASX200 was down 0.74%, while Japan’s Nikkei 225 Index was down 0.87%.

A string of weak economic data chased away the bulls in Asian equities market on Monday.

Japan on Monday reported core machinery orders fell 14.8% in May, far worse than market expectations for a decline of 2.4%.

In China, meanwhile, inflation in June rose 2.2% on year, a little lower than market calls for 2.3%.

On Friday, the U.S. Bureau of Labor Statistics reported the economy added a net 80,000 nonfarm payrolls in June, below market forecasts for a gain of around 90,000.

April figures were revised to 68,000 from 77,000 nonfarm payrolls, while May's numbers were revised to 77,000 from 69,000.

The string of weak economic indicators sent equities falling on sentiment big economies worldwide are cooling.

In Hong Kong, top decliners included China Unicom, down 2.56%, Henderson Land, down 2.35%, and Wharf Holdings, down 1.92%.

In Australia, top decliners included Iluka Resources, down 21.03%, Intrepid Mines, down 8.94%, and Billabong International, down 6.84%.

European stock futures indicated a lower opening.

France's CAC 40 futures pointed to a loss of 0.18%, while Germany's DAX 30 futures signaled a loss of 0.20%. Meanwhile, in the U.K., the FTSE 100 futures indicated a loss of 0.226%.

Dow Jones Industrial Average futures were down 0.11% while the S&P 500 futures were down 0.17%.

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