07 Feb '12, 9am

Asian stocks mostly lower on Greek debt impasse

HONG KONG : Asia's major stock markets were mostly lower on Tuesday, tracking overnight losses on Wall Street, with investors retreating after Greece again failed to cut a deal on tackling its debt mountain. On currency markets, the Australian dollar jumped on surprise news the central bank kept interest rates steady, while the yen eased slightly after Japan said it would intervene to damp down the value of its surging currency. Tokyo lost 0.13 percent at the close, or 11.68 points, at 8,917.52 while Sydney shed 0.50 percent, or 21.8 points, to end at 4,274.2. Seoul closed 0.43 percent up, with the benchmark KOSPI index adding 8.46 points at 1,981.59. Hong Kong closed slightly down on 0.05 percent, or 10.75 points, to 20,699.19 and Shanghai dipped 1.68 percent, or 27.5 points, to 2,291.902 Kuala Lumpur's bourse was closed Tuesday for a public holiday. Events in debt-mired ...

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

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