{"id":72442,"date":"2009-12-09T04:17:39","date_gmt":"2009-12-09T09:17:39","guid":{"rendered":"http:\/\/www.businessinsider.com\/asia-sharply-lower-europe-modestly-lower-despite-greek-debacle-2009-12"},"modified":"2009-12-09T04:17:39","modified_gmt":"2009-12-09T09:17:39","slug":"asia-sharply-lower-europe-modestly-lower-despite-greek-debacle","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/72442","title":{"rendered":"Asia Sharply Lower, Europe Modestly Lower Despite Greek Debacle"},"content":{"rendered":"

Here’s the picture after yesterday’s mini-beating.<\/p>\n

Asia ended sharply lower:<\/p>\n

WSJ<\/a>: The Nikkei 225 was down 1.5%, Australia’s S&P\/ASX 200 was down 0.9%, South Korea’s Kospi Composite was off 0.3%. The Shanghai Composite index was 1.6% lower and Hong Kong’s Hang Seng Index was down 0.7%, while shares in Taiwan bucked the region and were up 0.1%. Dow Jones industrial average futures were 22 points higher in screen trade.<\/p>\n

Shares in China were being led lower by banks on concerns of capital raising leading to massive stock supply.<\/p>\n

We actually wouldn’t put too much stock in the bank capital raising explanation. That’s basically become the default explanation for down move there.<\/p>\n

Europe, meanwhile, is headed lower as well<\/a>, with the STOXX down 0.4% and the FTSE 100 down 0.2%. Given the tremors out of Greece, this isn’t particularly bad.<\/p>\n

And gold, which is now going on several days without showing much strength at all, is clawing back a tiny amount, though it remains well below where it was just a few days ago.<\/p>\n

\"gold\"<\/p>\n

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