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Showing posts with the label Asian Markets at Close Report March 4

Asian Markets at Close Report March 4, 2013.: Property stocks sink Shanghai, support Tokyo

By Sarah Turner and V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Mainland Chinese stocks suffered their worst drop in several months on Monday as property and construction-related sectors got slammed after Beijing imposed fresh measures to cool home prices.  The deep losses rubbed off on most other markets in the region, and on Hong Kong-listed Chinese developers in particular. The Japanese market was an exception, with real-estate shares extending their recent surge on an improved outlook amid sustained hopes for a policy boost to the economy.  China’s Shanghai Composite Index CN:000001 -3.65%  sank 3.7% for its worst percentage drop since August 2011, while the Shenzhen Composite Index fell 3.5%, for its steepest fall since July. Dennis Rodman: Kim Jong Eun's 'friend for life' Dennis Rodman, a former