Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Asia stocks fall as US budget negotiations stall

Bangkok (AP) - President barack Obama in Washington budget negotiations between the results of increased uncertainty, the speaker of the house, John boehner and other republicans push Asian markets receive low on Friday.
If the compromise is on January 1, will be due the bush era of tax cuts and spending cuts, will automatically play - a double whammy of economy, many experts worry that the United States will promote the economy back into recession, as from the last began to recovery.
Japan's nikkei 225 index fell nearly 0.8%, to 9964.53. Hong Kong's hang seng index fell 0.8% to 22483.20. South Korea's Kospi index fell 0.9%, to 1982.49. Australia's S&P/ASX 200 index fell 0.3% to 4618.60 point. In Singapore, Indonesia, Thailand and Taiwan's benchmark also declined. The rise in Malaysia and the Philippines.
The stock index futures fell, the rank and file, republican senator did not support the new tax plan by the house of representatives speaker John boehner in Washington on Thursday night. The program will allow rate rise, to family $1 million in annual revenue rise. Obama hope level is 400000 yuan.
The bobcats holdings in Hong Kong director general manager, said: "Francis Aaron," I think the republicans would produce. "For the rich men don't love your voters. Income of over 1 million dollars is considered to be rich, so it won't do republican played really rich human rights."
Ironically, the leaders of the two countries has greatly reduced their differences to compromise. The latest setback, and republican contrarian their leaders to reach an agreement, in order to increase the tax and spending cuts "fiscal cliff" effect, before left precious little.
The dow Jones industrial average futures fell 1.5% to 13070 points, multiples on S&P 500 index futures fell 1.6% to 1418.30. However, analysts warned that market fluctuation will be exaggerated, because light volume, usually with the New Year holiday is over.
"Near weekends and holidays, volume is likely to keep thin, and choppy trading hours, and" wealth cliff "negotiations will stay in the spotlight, calyon bank in Hong Kong with jin long said:" in an email comment.
In stocks, mitsubishi motors company dropped 7%, after a few days of Japan's traffic department of transportation warned that in dealing with oil leakage of mini car manufacturers. Troubled electronics giant sharp company dropped 6%. China's casual wear, manufacturers Billabong international rose 1.3%, chief financial director Craig white from the troubled retailers.
February delivery benchmark crude oil futures prices fell $1.01 to $89.12 a barrel on the New York mercantile exchange electronic transactions. Contract up 15 cents at $90.13 a barrel on the New York mercantile exchange on Thursday.
In the currency, the euro fell to $1.3194 from $1.3241 in New York on Thursday night. The fall in the dollar to 83.95 yen, from 84.42 yen.




Other News:
Asia stocks fall as US budget negotiations stall
Mass., Conn. review pension fund gun holdings
UBS to pay Swiss franc 1.4B to settle Libor case
John Boehner To Obama On Fiscal Cliff: Act On Plan B Or Get 'Serious'
US, China economies 'inseparable': China official
Former exec.pleads guilty to insider trading
Instagram reverts to prior policy on ads
Asia stocks rise over US budget deal optimism