Nov 9, 2011
Stocks & Markets in the News | Asian Markets: Asia markets sink amid fresh Europe woes: Asia Markets - MarketWatch
By Virginia Harrison, MarketWatch
SYDNEY (MarketWatch) — Asia markets sunk on Thursday as rising Italian borrowing costs washed fresh waves of anxiety about the euro-zone debt crisis over the region.
Hong Kong’s Hang Seng Index HK:HSI -4.51% dove 4.3%, and the Shanghai Composite CN:000001 -1.36% fell 0.9% in early moves.
Japan’s Nikkei Stock Average JP:NIK -2.36% dropped 2.2%, while Australia’s S&P/ASX 200 index AU:XJO -2.64% and South Korea’s Kospi KR:0100 -3.35% each traded down 2.7%.
The losses in Asia tracked steep falls for U.S. stocks, where the Dow Jones Industrial Average DJIA -3.20% , Nasdaq COMP -3.88% and S&P 500 SPX -3.67% all plunged more than 3% after a surge in Italian borrowing costs saw investors dump stocks.
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Stocks and Markets in the News | Asia | China Trade Balance: China's trade surplus widens: Market Pulse - MarketWatch
By Michael Kitchen
LOS ANGELES (MarketWatch) -- China's trade surplus widened in October, though by less than economists had expected. The month's surplus hit $17.0 billion, which was above September's $14.51 billion but below separate Dow Jones Newswires and Reuters forecasts of $25.8 billion and $24.9 billion, respectively. Exports were 15.9% higher than a year earlier, though below the 16.5% projection from the Reuters survey. Imports gained 28.7%. In September, exports had risen 17.1%, while imports were up 20.9%.
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