Asian Stocks Fall After China Raises Fuel Prices; Oil Retreats


20/03/2012 06:32 AST

Asian shares dropped after China increased gasoline and diesel prices for the second time in less than six weeks. Gold fell and oil snapped two days of gains in New York amid speculation supplies are rising.

The MSCI Asia Pacific Excluding Japan Index (MXAPJ) lost 0.3 percent as of 11:12 a.m. in Tokyo. The Shanghai Composite Index slid 0.8 percent, while Standard & Poor’s 500 Index futures were little changed. Australian bond yields rose while crude dropped 0.6 percent to $107.50 a barrel. Gold for immediate delivery slid 0.4 percent to $1,658.40 an ounce.

“Higher energy costs and falling profits may worry investors that the economy is slowing even further,” said Dai Ming, a fund manager at Shanghai Kingsun Investment Management & Consulting Co. in Shanghai.

For more on this Click Here

Bloomberg
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 163.9 125,194
BKMB 0.46 415,058
BATELCO 0.28 241,014
SABIC 93.59 4,632,438
OTEL 1.44 122,206
RIBL 10.75 376,075
EEC 20.53 597,279
Recent News

Batelco to launch 'Bahrain WiFi' in all Seef Malls
Batelco, Bahrain's leading digital solutions provider, has signed a partnership with Seef Properties, Bahrain’s leading property management company, paving the way for the launch of ‘Bahrain WiFi’ ac

Qatar, Turkey chambers sign deal to enhance cooperation
tar Chamber has signed a cooperation agreement with the Union of Chambers and Commodity Exchanges of Turkey (TOBB) at the opening rites of the ‘2nd SMEs Conference’ held at the Ritz-Carlton Doha yest

Muscat bourse reacts again on listless trading
Downward trend continued on the Muscat bourse on Tuesday. The MSM30 Index continued its downward trajectory to close at 5,737.24 points, down by 0.15 per cent. The MSM Sharia Index ended at 858.35 p

QEWC and Nebras in deal with Masdar to develop renewable energy projec
Abu Dhabi’s renewable energy company Masdar has signed a cooperation agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and

UAE stocks close marginally higher on thin trade
UAE stocks rose marginally on Tuesday in lacklustre trade as oil prices continued to edge up, stoking increasing confidence of an economic rebound among market participants.

Investors have

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?