18 Aug '11, 7am

Asian markets down in jittery trade

HONG KONG: Asian stock markets were down in jittery trade Thursday as global economic uncertainty shook confidence and Japan's strong yen continued to bite. Tokyo was 1.25 percent, or 113.50 points, down at 8,943.76, its lowest close since March 15, when the Tokyo bourse plunged in the wake of the March 11 earthquake and tsunami and a subsequent nuclear emergency. Sydney shed 1.22 percent, or 52.7 points, to 4,251.2 on profit taking and Seoul dropped 1.70 percent, or 32.09 points, to 1,860.58. Hong Kong was 1.05 percent lower in the afternoon and Shanghai dropped 1.59 percent. Shortly before Tokyo's opening bell, official data showed Japan's exports fell for a fifth straight month in July, but the nation still managed to record a trade surplus as the economy gradually recovers from the triple disaster. Exports were down 3.3 percent from a year ago to 5.78 trillion yen ($75...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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