Barefoot Investor: Asian shares mostly down on Greek woes

Asian share markets ended mostly lower Friday, with Europe's debt troubles and uncertainty on the progress of the U.S. economic recovery. This certainly not a good sign for the asian markets especially the investors were more sensitive towards market sentiment.

As we read the news from the trade journal from various investment firms.
The Hang Seng Index lost 1.2%—extending a 1.8% fall Thursday—to finish at 21695.26, while the Shanghai Composite Index dropped 0.8% to 2642.82.

The Nikkei Stock Average closed 0.6% lower at 9351.40, while South Korea's Kospi fell 0.7% to 2031.93 and India's Sensex lost 0.6% to 17870.53. However, Australia's S&P/ASX 200 index managed to end the session up 0.1% at 4484.90.

The sentiment is still quite weak because of the European debt issues and market caution about the global economic slowdown. And the investors will get a look at Japanese trade data for May, as well as a preview of Chinese manufacturing. They'll also see three sets of consumer price index data, from Malaysia, Hong Kong and Singapore, and the Hong Kong stock-market debut of Prada.

Well, equities suffered heavy losses in the Asia-Pacific region on Thursday, amid rioting and political turmoil in Greece and some disappointing data on U.S economy, though the U.S. market bounced last night Friday, the overall Asian markets were still have some selling pressure...


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