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Reply #33


Response to Tansy_Gold (Original post)

Mon Feb 27, 2012, 09:17 AM

33. Asian markets fall on global growth concerns

http://www.irishtimes.com/newspaper/breaking/2012/0227/breaking3.html

Asian shares fell this morning as high oil prices raised concerns about global growth, while signs of fresh steps from major economies to contain the euro zone debt crisis underpinned the euro.

Amidst global growth concerns, MSCI's broadest index of Asia Pacific shares outside Japan fell 0.7 per cent, led by a 1.5 per cent drop in the materials sector. Chinese shares bucked the trend, with car makers up after Beijing excluded foreign brands in an early list of models approved for state buying this year.

Japan's Nikkei average pared early gains to stand barely changed, after touching a seven-month high as a weaker yen aided battered exporters.

Financial spreadbetters expected major European markets to open down 0.2 to 0.3 per cent.

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