Asian Stocks Fall Most This Year as Europe Stokes Concern


07/04/2012 06:14 AST  Bloomberg

Asian stocks fell, with the regional benchmark index capping its biggest weekly loss this year, after the Federal Reserve damped expectations for more monetary easing and on renewed concern Europe’s debt crisis will weigh on economic growth, damping the outlook for Asian exporters.

Honda Motor Co. (7267), a carmaker that gets 83 percent of its revenue abroad, dropped 4.3 percent in Tokyo. Hutchison Whampoa Ltd. (13) and other companies that do business in Europe slid after demand fell at a Spanish government bond auction. Fast Retailing Co. (9983), Asia’s top clothier, plunged 6.8 percent in Tokyo after sales at its Uniqlo stores disappointed investors.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL
Most Viewed Companies
Ticker Price Volume
EMAAR 9.72 9,270,309
ARTC 4.23 192,972,723
EEC 87 7,884,595
HAMMADIINVEST 49.2 157,360
SECO 16.2 5,907,674
MMG 12.55
RIBL 18.35 3,745,755
Recent News

SAUDI STOCKS HIT 6-YEAR HIGH;
?Saudi? Arabia's bourse jumped today after the Capital Market Authority said it would open the stock market to direct investment by foreign financial institutions in the first half of 2015, news agen

Kingdom Holding’s net profit surges 16.8% in Q2
Kingdom Holding Company (KHC), chaired by Prince Alwaleed Bin Talal, registered a SR211.7 million net income in the second quarter ended June 30, 2014, an increase of 16.8 percent compared to SR181.2

Muscat index down marginally; Bank Nizwa gains the most
MSM 30 index ended on a flat note at 7182.02 points, down by 0.09 per cent. MSM Shariah Index also declined marginally by 0.08 per cent at 1069.17 points.

Global Financial Investment was

Rolta in Sadara engineering project
Rolta has been awarded an additional scope of work by Sadara Chemical Company (Sadara) to implement a comprehensive engineering information system within Sadara's Jubail integrated chemical complex.

Egypt planning $540 million petchem projects with UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum.

The projects included establishing

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

Poll

Which of the following do you think is the best long-term investment?