Tuesday, September 25, 2012

Asian stock markets for september 26 2012

Asian stock markets for september 26 2012 : Asian shares are set to decline on Wednesday, after the S&P 500 logged its worst day in three months as concerns about global growth and escalating fears over Spain returned to the forefront. Asian markets were mixed, with traders spooked by news German business confidence has hit a 31-month low, wrangling over Greece's budget and uncertainty about Spain.
Japan's benchmark average is seen opening in negative territory. The Nikkei [.N225  9091.54  ---  UNCH    ] added 0.3 percent to end at 9,091.54 in the previous session, while the broader Topix index advanced 0.5 percent to 757.66.

Toyota Motor and Nissan Motor will be watched following a report they will cut production in China as rising anti-Japan sentiment in the country hurt sales. The Nikkei said the shutdowns are expected to reduce the companies' combined output by more than 20,000 units in September.

Sony shares could come under pressure after Standard & Poor's Ratings Services lowered its ratings of Sony for the second time in less than a year on Tuesday, citing a slow earnings recovery at the maker of Bravia TVs and PlayStation game consoles.

Seoul stocks are likely to slip in early trade, tracking the negative lead from Wall Street overnight.

Semiconductor company D I Corp will be in focus. The company's value has doubled ever since the singer of "Gangnam Style" Psy burst onto the global scene in July as Psy's father, Park Won-ho, is the chairman and controlling shareholder D I.

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