Arab Today, arab today asian shares down after slovakia eurozone vote
Last Updated : GMT 18:31:22
Arab Today, arab today
Arab Today, arab today

Asian shares down after Slovakia eurozone vote

Arab Today, arab today

Arab Today, arab today Asian shares down after Slovakia eurozone vote

Hong kong - AFP

Asian shares mostly slipped Wednesday as a four-day rally came to an end, after lawmakers in Slovakia blocked an expansion of a bailout fund for troubled eurozone economies. Tokyo lost 0.67 percent by the lunchtime break, Hong Kong fell 0.25 percent in morning trade, Sydney slipped 0.99 percent and Seoul shed 0.58 percent. But Shanghai gained 0.95 percent. Disappointing earnings from US aluminium giant Alcoa added to the selling pressure, raising concerns over the upcoming reporting season. \"Markets will trade with a cautious tone keeping one eye on earnings and the other on developments in the eurozone,\" said Mitul Kotecha, strategist at Credit Agricole. \"As we have noted, expectations of some concrete action by officials to help resolve the crisis in the eurozone by the end of the month are a key driving force for markets,\" he said. \"But past history suggests that the risk of disappointment is high.\" Global markets had seen strong gains over the past few sessions on hopes the eurozone debt crisis could be resolved, a feeling reinforced by a weekend announcement by France and Germany that they would shore up the region\'s banks. The recent gains brought some relief after global markets had slumped on fears that Greece\'s debt troubles could lead it to default, which would in turn spread to other economies and banks. Nerves set in again Wednesday after Slovakia\'s parliament blocked a plan to expand the European Financial Stability Facility (EFSF), dealing a further blow to the bloc\'s leaders as they look for a solution to the crisis. It effectively stops the expansion of the 440-billion-euro ($600 billion) bailout fund, despite warnings from European Central Bank chief Jean-Claude Trichet that the world faces systemic dangers. Slovakia is the last of the 17 eurozone members to vote on the revamp. The vote also toppled the government of Prime Minister Iveta Radicova, who failed to secure backing from the junior coalition Freedom and Solidarity party after she turned the measure into a confidence motion. Resource firms in Australia dipped after Alcoa said Tuesday that third-quarter net profit tripled from a year earlier, but almost halved from the previous quarter as metal prices fell and the European economy stumbled. In Sydney Alumina dropped 4.4 percent, while BHP Billiton lost 1.9 percent and Rio Tinto shed 2.3 percent. The result also weighed on the Dow, which ended 0.15 percent lower. On currency markets the euro dipped in Asian trade after recent gains, standing at $1.3596, down from $1.3636 and 104.25 yen against 104.52 yen. The dollar fetched 76.70 yen, a tad up from 76.65 yen in New York Tuesday. New York\'s main contract, light sweet crude for November delivery, sank $1.03 to $84.78 a barrel and Brent North Sea crude, also for delivery in the same month, eased 65 cents to $110.08. By 0200 GMT gold was at $1,663.80 an ounce, down from $1,660.55 at 1100 GMT on Tuesday.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares down after slovakia eurozone vote Arab Today, arab today asian shares down after slovakia eurozone vote

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares down after slovakia eurozone vote Arab Today, arab today asian shares down after slovakia eurozone vote

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday