Monday, June 20, 2011

English Lessons

 
Most Asian markets ended in the red after euro zone finance ministers delayed a final decision on extending emergency loans to debt-stricken Greece, dashing hopes for a quick solution to the political impasse. 

The FTSE CNBC Asia 100 Index [.FTFCNBCA  6455.52    -48.37  (-0.74%)], which measures markets across Asia, fell 0.7 percent.
The Nikkei average ended flat, with investor caution before the Federal Open Market Committee meeting this week offsetting gains in power companies, which rose on a government official's comment to restart nuclear reactors.
Shares in power companies Chubu Electric and Kansai Electric  jumped after Trade Minister Banri Kaieda said on Saturday that government inspections showed all nuclear power plants in Japan had adequate safety measures against severe accidents and called on local governments to give the green light to restarting nuclear reactors. 
But, shares of Japanese game developer Sega Sammy tumbled after the firm said information belonging to 1.3 million customers had been stolen from its database, the latest in a rash of global cyber attacks against video game companies. 
The benchmark Nikkei average [.N225  9354.32    2.92  (+0.03%)   ] closed at 9,354.32, while the broader Topix gained 0.2 percent to 806.83.
Seoul shares dipped as foreign investor selling continued for a third straight session, with technology issues and crude oil refiners including Samsung Electronics and S-Oil losing ground.
The Korea Composite Stock Price Index [.KS11  2019.65    -12.28  (-0.6%)   ] ended down 0.6 percent at 2,019.65 points. 
Australian stocks suffered another reversal as morning gains evaporated to send the market to a fresh nine-and-a-half-month low, with doubts about the Australian economy adding to worries about a Greek debt default.
Shares in oil refiner Caltex slumped 6.9 percent after it said refining margins have dropped sharply and its first-half profit would fall by up to 39 percent.     
The benchmark S&P/ASX 200 index [.AXJO  4451.70    -33.20  (-0.74%)   ] dropped 33.2 points or 0.7 percent to 4,451.7, having reached as high as 4,520 in morning trade.
China's main stock index ended down 0.8 percent in thin trade near a nine-month low on dampened by tight liquidity in the interbank market, while banks prepared to meet Monday's deadline for a hike in requirement reserve ratio. 
The liquidity squeeze in China's money market makes brokerages, fund managers and wealthy personal investors unable to obtain sufficient cash for investments in stocks. 
The benchmark Shanghai Composite Index [.SSEC  2621.25    -21.57  (-0.82%)   ] finished down at 2,622.6 points, the lowest level since late September 2010 and extending a 2.3 percent loss over the week last week.
Hong Kong shares gave up earlier gains to end lower as property issues floundered and a sluggish market, which looks poised to hit a nine-month low, weighed.
The benchmark Hang Seng Index [.HSI  Loading...      ()   ] fell 0.4 percent to 21,599.5 with the property sub-index slipping 2.2 percent to its lowest level in a year.
Cheung Kong [0001.HK  109.20    -4.30  (-3.8%)   ] fell 3.8 percent, leading a broad decline in property counters in Hong Kong after a top government official warned of the growing risks of a property bubble in the territory.
In Southeast Asia, Singapore's STI [.FTSTI  3013.60    8.32  (+0.28%)   ] rose 0.3 percent at the finish line, while Malaysia's KLCI [.KLSE  1559.19    -4.24  (-0.27%)   ] ended 0.3 percent lower.

Most Asian markets ended in the red after euro zone finance ministers delayed a final decision on extending emergency loans to debt-stricken Greece, dashing hopes for a quick solution to the political impasse?
A. TRUE
B. FALSE

Did the benchmark Hang Seng Index fell 0.4 percent to 21,599.5 with the property sub-index slipping 2.2 percent to its lowest level in a year?
A. TRUE
B. FALSE
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