Investors continue to exit Asian markets

Asian markets continued to slide downwards after the morning session due to gloomy outlook for 15 European Union countries.

Nymex crude oil hovered at US$100 per barrel while spot gold fell 0.70% to US$1,710.58 per ounce.

The FBM KLCI Index fell 0.66% to 1,480.05 at its midday close, improving slightly after the morning session. The Nikkei 225 Index saw a futher drop of 1.24% to 8,588.46, the Hang Seng Index followed suit by falling 1.51% to 18,889.76 and Shanghai’s A shares index fell nearly 0.80% to 2,315.12. The Kospi Index dropped 1.04% to 1,902.88 while the Straits Times Index fell close to a percent to 2,740.58.

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