Senin, 19 Juli 2010

Asian stocks fall triggered earnings report from Bank of America Corp

Asian stocks fall triggered earnings report from Bank of America Corp, Citigroup Inc. and General Electric Co. is not in accordance with analyst estimates and the collapse of U.S. consumer confidence index to its lowest level in a year.

Shares of James Hardie Industries SE, the largest seller of the home board in the U.S., weakened 1.9% in Sydney after fears that demand for their products will fall. Shares of Samsung Electronics Co. to get a fifth of U.S. penjualanya depressed 1.1% in Seoul.

Shares of BHP Billiton Ltd. fell 1.2% in Sydney following the fall of metal prices last week. Aquarius Platinum Ltd. shares slumped 25% following a new regulation on mining South Africa would likely interfere with the amount of revenue.

The MSCI Asia Pacific excluding Japan fell 1.1% to 390.46 at the opening of trading in Hong Kong. Japanese stock markets closed for national holidays. MSCI benchmark index fell the most since July 1 and has dropped 6.2% budget deficit triggered a crisis of Europe and European measures that will reduce property prices predicted to disrupt global economic growth.

Index S & P / ASX 200 fell 1.4% in Australia following the decision of Prime Minister Julia Gillard who will hold elections at the weekend. Hong Kong's Hang Seng index, dragged down by 0.9% while South Korean Kospi index fell 0.4%.

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