Tuesday, February 22, 2011

Asian shares extend losses amid Libya worries (AP)

TOKYO – Asian shares extended losses weekday amid current worries most unrest in Libya, which pushed lubricator prices higher and sent Wall Street sharply lower.

The downswing was restricted after bounteous declines the previous day. But sentiment in the region remained fragile after a resistive Moammar Gadhafi vowed in a televised speech weekday to fisticuffs to his "last modify of blood" and roared at supporters to accomplish backwards against African protesters to indorse his crenellate regime.

Hong Kong's Hang Seng finger lost 0.4 proportionality to 22,893.51, the Shanghai Composite finger lapse 0.4 proportionality to 2,844.99, and Australia's S&P/ASX 200 was downbound 0.2 proportionality at 4,846.10,

Japan's Nikkei 225 stock cipher shed 0.2 proportionality to 10,643.80. A stronger yen perceive exporters, with Nissan Motor Co. losing 1.6 percent.

Benchmarks in Taiwan and Singapore also retreated, patch South Korea's Kospi added 0.2 proportionality to 1,972.92.

New Zealand's main stock finger chromatic 0.1 proportionality to 3,362.99 a period after a powerful seism devastated the municipality of Christchurch. Prime Minister Evangelist attorney declared a state of domestic crisis and said at a programme conference that 75 people were confirmed to have been killed, with 55 of them identified.

In New royalty Tuesday, the Dow designer industrialized cipher sank 178.46 points, or 1.4 percent, to near at 12,212.79. Bond prices chromatic as investors sought safety.

Oil prices soared to the maximal take in more than two years. The fisticuffs between protesters and forces hardcore to Gadhafi threatens lubricator production from the world's 15th maximal lubricator exporter, accounting for 2 proportionality of global daily output. Libya also sits atop the maximal lubricator reserves in Africa.

The broader Standard & Poor's 500 finger lapse 27.57, or 2 percent, to 1,315.44. The tech-heavy Nasdaq lapse 77.53, or 2.7 percent, to 2,756.42.

In currencies, the note lapse to 82.60 yen from 82.71 yen late Tuesday. The euro stood at $1.3696 from $1.3662.

Benchmark vulgar for Apr conveying chromatic 31 cents to $95.73 a barrel in electronic trading on the New royalty Mercantile Exchange. The lessen jumped 6.4 proportionality to resolve at $95.42 on Tuesday.


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