From the daily archives: Thursday, February 23, 2012

Asian Shares Fall On Growth Worries

On February 23, 2012 By

Asian shares lost ground on Thursday as weak data on European business activity and China’s manufacturing sector rekindled global growth worries. A weak lead from Wall Street overnight, disappointing earnings from computer makers Dell and HP and concerns surrounding Europe after the downgrading of Greece’s credit rating by Fitch also undermined investor appetite for riskier [...]

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European shares are set to open lower on Thursday, weighed down by mixed earnings results and concerns about slowing global growth. Asian markets are subdued as weak manufacturing data from Europe and China signaled slowing global economic growth and Hewlett-Packard, the world’s No. 1 computer maker, reported lower quarterly net profit and revenue.

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Indian shares are little changed in early trading on Thursday, weighed down by negative Asian cues on concerns the euro zone economy may be slipping into a recession. Trading remains a little bit volatile ahead of the expiry of February series F&O contracts.

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Asian stock markets are mostly trading lower on Thursday with investors pressing sales amid worries about the Eurozone economy and on concerns about the pace of growth in the U.S. on the back of some disappointing economic data.

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