Asian stocks trade lower; Aussie dollar slips
City Index November 16, 2011 3:02 PM
<p>Lingering concerns for the European economic and financial situation pushed Asian stocks on the downside today. All the major Asian indices, including the Nikkei, the […]</p>
Lingering concerns for the European economic and financial situation pushed Asian stocks on the downside today.
All the major Asian indices, including the Nikkei, the Hang Seng and the ASX 200 were in the red for most of the trading day. Both the Shanghai and the Hang Seng markets were on the way down as of this writing.
In Australia, the Australian dollar lost more than 100 pips during the trading day and inching closer to parity with the US dollar.
The risk-off attitude seems to be spreading and traders and investors are not committing to any long-term or big positions at the moment. With uncertainties still hanging around Europe and with the absence of any positive news to counter that sentiment, we are seeing a choppy market throughout the region.
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