Rabu, 19 Oktober 2011

Asian Stocks Down as Europe Debt Crisis Festers

Asian markets fell Thursday afterwards letters emerged of an impasse amid European leaders who are aggravating to boldness the continent's debt crisis.Japan's Nikkei 225 basis fell 0.9 percent to 8,692.57. Hong Kong's Hang Seng basis fell 1.7 percent to 17,997.72. South Korea's Kospi absent 0.1 percent to 1,853.57.Late Wednesday, letters that French and German leaders abide at allowance over a band-aid to the European debt crisis beatific Wall Street lower.The Dow bankrupt at 11,504.62, a accident of 0.6 percent. The Standard & Poor's 500 basis fell 1.3 percent to 1,209.88.A attenuate balance absence by Apple pulled bottomward technology stocks. Apple Inc. angled 5.6 percent afterwards the company's assets and acquirement fell abbreviate of forecasts. That beatific the Nasdaq blended sliding to abutting bottomward 2 percent to 2,604.04.European leaders reportedly are bound in a altercation over the admeasurement of losses banks should booty on Greek debt they own. The Greek government appears acceptable to absence afterwards French and German banks lent it billions.Benchmark awkward for November commitment was bottomward 16 cents at $85.95 a butt in cyberbanking trading on the New York Mercantile Exchange.


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