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Losses in Asia after Japan’s 8.9 earthquake

Financial NewsMar 11, 2011 03:36AM ET
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The Middle East unrest, renewed fears about the European debt and the US unemployment situation and Japan’s 8.9 magnitude earthquake that hit northeast of the nation’s financial center, Tokyo, increased investors concerns regarding the global economic recovery. The MSCI Asia Pacific fell today by 1.0% to 134.84 at 12:32 in Tokyo.

Nikkei 225

Nikkei 225 fell today by 1.72% or 179.95 points closing at 10254.43. From 225 shares, 11 advanced, 210 declined and 4 unchanged. Sectors leading the decline were the industrials that lost 55.17 points and consumer goods that lost 35.31 points.

Lagging shares today were Fast Retailing Co Ltd which fell by 2.93% closing at 12250 yen, second was Kyocera Corp which fell by 2.97% closing at 8170 yen. And Softbank Corp which fell by 1.94% closing at 3290 yen.

Among the shares that KDDI Corp topped the list by rising 1.85% closing at 550000 yen, followed by Daikin Industries Ltd which rose by 0.74% and closing at 2717 yen. And Shimizu Corp which rose by 1.20% and closing at 336 yen.

S&P/ASX 200

The S&P/ASX 200 fell today by 1.17% or 54.90 points closing at 4644.80. From 200 companies, 27 shares ended green compared to 160 ending in red and 13 unchanged. Sectors leading the decline were the financials that lost 21.61 points and basic materials that lost 14.18 points.

Lagging shares today include Gunns Ltd that retreated 11.11% closing at 0.56 Australian dollars, trailed by Kagara Ltd falling 6.30% closing at 0.60 dollars. And St Barbara Ltd that fell 6.25% closing at 1.95 Australian dollars.

Gindalbie Metals Ltd inclined the most today as it rose 3.96% closing at 1.05 Australian dollars, followed by Aurora Oil and Gas Ltd surging 2.94% closing at 2.80 Australian dollars, and Western Area NL that surged by 2.78% closing at 6.29 Australian dollars.

Hang Seng

Hang Seng fell today by 1.55% or 365.11 points to close at 23249.78. From 45 companies, 2 rose today, while 42 fell, and 1 unchanged. Sectors leading the decline were the financials that lost 219.02 points and oil & gas that lost 53.05 points.

Lagging shares today were HSBC Holdings PLC which fell 1.02% closing at 82.85 Hong Kong dollars, and Industrial & Commercial Bank of China falling by 2.24% closing at 6.10 Hong Kong dollars. And China Construction Bank Corp falling by 1.81% closing at 7.05 Hong Kong dollars.

The shares that advanced Cathay Pacific Airways Ltd topped the list by rising 1.52% closing at 18.74 Hong Kong dollars, followed by COSCO Pacific Ltd that rose by 1.03% and closing at 15.72 Hong Kong dollars. 

Losses in Asia after Japan’s 8.9 earthquake

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