Jumat, 21 Juni 2013

Beranda » » Asian stocks fall for second day

Asian stocks fall for second day

Last Updated at 02:54 ET

Nikkei 225 13238.50 Up 223.92 1.72%
ASX All Ords 4723.80 Down -20.10 -0.42%
Hang Seng 20334.69 Down -48.18 -0.24%
SSE Composite 2084.02 Down -59.43 -2.77%
SSE SE 50 1631.55 Down -56.06 -3.32%
BSE Sensex 18767.89 Up 48.60 0.26%

Asian stocks have fallen again as investors continue to react to news that the US central bank could begin to scale back its stimulus programme.

Southeast Asia saw the biggest falls, with exchanges in the Philippines down 2.7%, Indonesia falling 3.2% and Thailand losing 2.5%.

On Thursday in the US, the Dow Jones share index fell 2.3% - its biggest drop this year.

Currencies in Asia were also lower against the US dollar.

The Fed has been trying to support the weak US economy by buying bonds at a rate of $85bn (£54bn) a month, under a policy known as quantitative easing (QE)

However, on Wednesday, Fed chairman Ben Bernanke said that if the US economy continued to show sign of improvement the central bank could start to slow down its bond purchases as early as this year and end the programme next year.

The excess liquidity in the US has meant a lot of funds have been flowing into emerging markets, especially in Asia.

"Asia has benefited from US capital inflows, partly in relation to QE," said Mitul Kotecha, from Credit Agricole CIB.

"It has been force-fed with steroids, and now that the steroids are going to be pulled back what will happen is a period of transitional volatility that can continue through summer."



Source: BBC News - Business http://www.bbc.co.uk/news/business-22998829#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa