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Asian markets end in red
August, 07th 2009

Asian markets ended mostly in red.

The Hang Seng plunged 523 points to settle at 20,375, taking cues from the sharp slide in the Chinese markets due to liquidity worries that Chinese banks will cut back on lending.

The Nikkei extended its earlier gains and closed at a fresh 10-month high.

The Shanghai Composite dropped 95 points to 3,260. The index slipped 2.8% this week, which is its biggest weekly loss in more than four months.

The Straits Times declined 52 points to 2,549.

The Seoul Composite and the Taiwan Composite added 10 points and 20 points to 1,576 and 6,868, respectively.

(Updated 1121 hrs)

The Asian markets contunue to languish in the negative zones.

The Hang Seng has tumbled 334 points(2%) to 20,566. The Nikkei has slipped 28 points to 10,360.

The Shanghai Composite has slumped 44 points (1.32%) to 3,312.

The Straits Times has declined 36 points (1.37%) to 2,565.

The Seoul Composite on the other hand remains flat at 1,571.

(Updated at 0821hrs)

Asian markets are mostly down this morning.

The Nikkei has slid 105 points (1%) ahead of the US jobs data to 10,284. The Hang Seng has dropped 252 points (1.2%) to 20,647.

The Straits Times has declined 35 points (1.3%) to 2,567. The Shanghai Composite has shed 20 points at 3,337.

The Seoul Composite is flat at 1,566.

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