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Equity Market News 06th February 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

14/04/05

Permalink 05:13:19 pm, Categories: Asia, Tokyo Nikkei & Topix, 175 words  

Asian markets suffer tensions

The Tokyo markets were still feeling the effects of recent tensions between Japan and China.

In addition, technology stocks were lower due to concerns that weak retail sales figures from the U.S. would slow down consumer spending.

Technology losses included a 1.4 percent drop for Sony.

The banking sector was also down, as was the retail sector.

Retailer Takashimaya was down 5.6 percent, for example. One exception to retail losses was Lawson, Japan’s second-largest retail chain.

Lawson’s shares rose 2.2 percent following reports of record profits and predictions of more growth in the offing.

Additionally, Kanebo, the household goods manufacturer that has been crippled by an accounting scandal, was down an additional 15.5 percent on Thursday after a 13.4 percent loss on Wednesday.

In other Asian markets Thursday, stocks were also generally down. Taipei was down 0.4 percent due to technology sell-offs.

Sydney’s markets hit their lowest point in almost three months when the S&P/ASX 200 fell 1.3 percent to 4082.3.

Seoul had its biggest one-day loss in nearly six months when its composite index fell 2.8 percent.

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