Most Asian stocks dropped today on concern over the economic outlook after a statement from U.S. Federal Reserve that slower growth are seen in some.
Last Updated
29 July 2010 05:49:08 pm
Most Asian stocks dropped today on concern over the economic outlook after a statement from U.S. Federal Reserve that slower growth are seen in some. Nikkei fell 0.59%, HSI up 0.01% and STI up 0.36%. FBM KLCI bucked the trend rising 3.22 points to 1,358.41, led by Axiata, YTLPower and RHB Capital.
German jobless rate dropped to 13th month low since November 2008 to adjusted rate of 7.6% as economy recovers.
Vietnam has been downgraded Fitch to B+ and the outlooks are stable.
Axiata rose to highest level in more than a year, as CIMB Research has upgraded the stock to "outperform" on possible earning surprises. Call warrants on the counter, i.e. AXIATA-CB, AXIATA-CC, AXIATA-CD, AXIATA-CF and AXIATA-CG rose in line with the underlying share.
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