Thursday 20 October 2011

Asian markets down at midday on lingering eurozone debt fears

PETALING JAYA: Asian markets were in the red at midday, Thursday, as lingering eurozone debt fears caused investors within the region to maintain a cautious front.

On the local front, the FBM KLCI was down 1.04% or 15.09 points at 12.30pm.

As for regional markets, Tokyo's Nikkei 225 fell 0.94% to 8,689.99 and Hong Kong's Hang Seng Index was down 1.96% to 17,949.76.

Shanghai's A index was down 1.95% to 2,331.23 while Taiwan's Taiex Index slipped 1.06% to 7,275.29.

Seoul's Kospi Index dipped 0.58% to 1,845.11 with Singapore's Straits Times Index falling 0.74% to 2,700.06.

Nymex crude oil lost 31 cents to US$85.80 per barrel. Spot gold fell US$21.15 to US$1,619.60 per ounce. The ringgit was quoted at 3.130 to the US dollar.
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