Home Facts market

Asian Market Roundup September 6

Asian Market Roundup September 6

Write: Reva [2011-09-07]
China

China's stocks extended losses and slipped slightly on Tuesday, as the plunging European markets and the shrinking liquidity battered the investor sentiment. The benchmark Shanghai Composite Index fell 0.33 percent, or 8.22 points, to end at 2,470.52.

The Shenzhen Component Index dropped 1.61 percent, or 176.47 points, to finish at 10,778.43.

Japan

Japan's Nikkei average slid 2.2 percent on Tuesday to a 2-1/2 year closing low after sovereign debt fears pummeled European stocks and as investors worried upcoming U.S. job measures will not be enough to boost confidence in the slowing U.S. economy.

The Nikkei ended down 2.2 percent at 8,590.57 in active trade, falling below its closely watched Aug. 22 low of 8,619.21 and marking its lowest intraday level since March 15, when stocks were sold off after the earthquake and tsunami.

The broader Topix index fell 1.9 percent to 741.20.

Australia

The Australian share market has sunken further in afternoon trading to close 1.6 per cent lower, after the RBA kept interest rates on hold this afternoon and weak leads from European and Asian markets overnight.

At the 1615 AEST official market close, the benchmark S&P/ASX200 index dipped 1.60 per cent to 4,075.5 points and the broader All Ordinaries Index dropped 1.50 per cent to 4,160.7 points.