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International News Bradley Associates Blog: Asian Markets Hit by US – Design21sdn

Posted Apr 24 2013 5:31am 1 Comment



Asian markets took a hit on Thursday after losses on Wall Street, while dealers were also put off by a warning from Germany’s central bank that Europe’s debt crisis could continue for a decade.

Gold slipped slightly as traders remained bearish on the precious metal, which suffered its heaviest loss in 30 years on Monday after disappointing Chinese economic growth data.

Tokyo fell 1.22 percent, or 162.82 points, to 13,220.07, Seoul shed 1.24 percent, or 23.78 points, to 1,900.06 and Sydney slipped 1.60 percent, or 80.2 points, to 4,924.4.

In the afternoon Hong Kong lost 0.16 percent but Shanghai was 0.10 percent higher.

US markets suffered their second big fall in three days on Wednesday, pulled down by a dive in Apple shares.

Apple fell 5.5 percent to below $400 for the first time since late 2011 after one of its US suppliers slashed its profit guidance, which analysts said indicated slow iPhone and iPad sales.


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