Asian Stocks Swing on Economic Uncertainty


06/03/2012 05:49 AST  Bloomberg

Asian stocks swung between gains and losses after conflicting economic data from the U.S. and Europe clouded the earnings outlook for Asia’s exporters.

Samsung Electronics Co. (005930), South Korea’s biggest exporter of consumer electronics, rose 1.5 percent. BHP Billiton Ltd. (BHP), Australia’s biggest mining company lost 2.3 percent as metal prices slid after Chinese Premier Wen Jiabao yesterday cut the growth target for the world’s second-largest economy. Bridgestone Corp. (5108), the world’s largest tiremaker, jumped 1.5 percent after saying it will build a plant in Thailand.

The MSCI Asia Pacific Index was little changed at 126.88 as of 9:56 a.m. in Tokyo after swinging between gains and losses at least four times. The measure lost 1 percent yesterday.

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 | AUG | SEP
Most Viewed Companies
Ticker Price Volume
EMAAR 11.3 51,121,518
SPIMACO 51.32 2,408,355
SAGRINSURANCE 46.27 2,694,737
MESC 17.64 1,131,066
RIBL 22.89 1,665,978
SECO 17.87 8,356,044
ALKHODARI 66 2,507,257
Recent News

Islamic finance seeks to go green with environment-based products
Financial products based on renewable energy and sustainable agriculture are emerging in Islamic finance as asset managers seek a crossover opportunity between ethical and Shariah-compliant investing

Savannah Resource posts encouraging results in Oman copper exploration
AIM London-listed international mining firm Savannah Resources plc has announced that it had received positive results from the recent reprocessing of a Versatile Time Domain Electromagnetic airborne

SR5b airport projects OK’d
Prince Fahd Bin Abdullah, president of the General Authority of Civil Aviation (GACA), has approved a number of airport development projects worth a total of more than SR5 billion, the Saudi Press Ag

Kingdom ‘eradicating inefficiency’ as SAGIA attracts French investors
Amid Saudi Arabia’s strong economic growth, development diversification programs and attractive investment policies, the governor of Saudi Arabian General Investment Authority (SAGIA) has urged Frenc

Maaden, Alcoa start operations at Saudi plant
Saudi Arabian Mining Co. (Maaden) said on Monday its joint aluminum smelter with US-based Alcoa has started commercial operations.

The $10.8 billion aluminum plant at Ras Al-Khair, on the G

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?