Asian Stocks Fall Most This Year as Europe Stokes Concern


07/04/2012 06:14 AST

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

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 22.93 564,167
GLOBAL 0
APBS 0.71 50,000
GFH 0.24 15,556
BATELCO 0.29 4,384
ALMAL 23 10,842,875
SABIC 83.94 4,623,736
Recent News

Muscat bourse declines on falling oil prices
Falling commodity and regional cues weighed on the MSM30 Index, which closed at 5,873.80 points, down by 0.43 per cent. The MSM Sharia Index declined by 0.55 per cent to close at 897.11 points.

Electricity consumers in Oman’s rural areas grow by 7%
Total number of consumers of Rural Areas Electricity Company (Raeco), which serves people in rural areas, has increased by 7.4 per cent to 33,187 by the end of 2015, from 30,904 customers for the sam

Advanced digital meters needed for introducing ‘cost reflective’ tarif
Advanced digital electricity meters and metering systems are required to be installed at the premises of large electricity consumers before introducing the proposed ‘cost reflective’ tariff. These a

Thailand’s PTTEP to sell Oman 44 project
Thailand’s largest oil and gas explorer, PTT Exploration and Production Pcl said yesterday it will sell its Oman 44 natural gas project to ARA Petroleum LLC in a shift in investments in the Middle Ea

NBO launches Seamless Banking to enhance cross border trade
National Bank of Oman (NBO) reinforced its commitment to Oman’s bilateral trade ties with the United Arab Emirates by launching a series of technological innovations to deliver a seamless banking exp

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?