Asian
share markets were scorched on Tuesday as stability concerns put a
torch to European bank stocks and sent investors stampeding to only the
safest of safe haven assets.
As
fear overwhelmed greed, yields on longer-term U.S. Treasury debt hit
one-year lows as bond prices rose, the yen surged to a 15-month peak and
gold reached its most precious since June.
The
jump in the yen piled further pressure on Japan's Nikkei .N225 which
sank 3.4 percent. MSCI's broadest index of Asia-Pacific shares outside
Japan fell 0.8 percent, and would have been lower if not for holidays in
many centers.
Source: reuters
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