11 Aug '11, 1am

Asian stocks mostly lower, early losses trimmed.

Asian stocks mostly lower, early losses trimmed.

Asian stocks fell 1-2 per cent on Thursday as the fallout from Wall Street's 4 per cent drop overnight limited by a rise in US stock futures, while gold climbed above $1,800 an ounce to a new record, reflecting fears over Europe's worsening financial crisis.--PHOTO: REUTERS HONG KONG (AFP, Bernama) - ASIAN stock markets mostly fell on Thursday but closed off their earlier lows as traders went bargain-hunting despite huge falls in Europe and on Wall Street. Tokyo closed 0.63 per cent, or 56.80 points, lower at 8,981.94 while Sydney closed flat, edging down 0.5 points to 4,140.8. Hong Kong fell 0.95 per cent, or 188.53 points, to 19,595.14. The index had lost 2.54 per cent on opening. Share prices on Bursa Malaysia closedlower on Thursday with investors continuously reducing their holdings on the back of rising concerns over spill-over effects of the European debt crisis, de...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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