asian stock market outlook october 26 2011

asian stock market outlook october 26 2011 : Asian stock markets were mixed Tuesday on cautious optimism, with investors reluctant to extend the previous session's strong rally ahead of a crucial European leaders meeting Wednesday aimed at drawing up a broad plan to contain the euro-zone debt crisis.

"They'll (European leaders) certainly agree on something...But it's unclear if the outcome will adequately satisfy the market."

European officials appeared to have made progress in fixing the Continent's problems, although traders remain wary amid high expectations for Wednesday's summit to produce a robust resolution.

"With high expectation being priced in, any under-delivery will disappoint the market and spark a sell-off,"

Asian stock markets 25 october 2011
Japan's Nikkei Stock Average fell 0.4%, Australia's S&P/ASX 200 was off 0.7%, South Korea's Kospi Composite slipped 0.3% and Hong Kong's Hang Seng Index rose 0.5%. China's Shanghai Composite rose 0.7% and India's Sensex climbed 0.5%. 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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