Business

Asian stocks fall to five-month low
by Magdalena Rosova

Global markets worsened on Friday as bad job data weakened US and European stocks. In consequence, Asian stocks fell to a fine-month low after investors were forced to sell riskier assets due to rising debt problems. The previous session U.S. dollar strengthened as investors worried about debts in Greece, Portugal and Spain started selling off the euro and currencies which are linked with euro such as the Australian dollar. In more than eight months the euro had hit its lowest level against the dollar and fell to a 15-month low against the Swiss franc. Asian stock markets and commodity prices flinched on worries that growing problems in Europe can slow down the global! economy recovery. Japan's Nikeei average, a stock market index for the Tokyo Stock Exchange, fell to its lowest in seven weeks, exporters are weakened by stronger yen and by growing problems in Europe as well. The yen, same as the dollar, has firmed as investors moved into assets that are seen as safe in shaking times. Asian stocks can face even worse conditions in the second quarter. Dariusz Kowalczyk, chief investment strategist at SJS Markets in Hong Kong, said that by the end of the year the impact of big stimulus packages in huge economies as United States, Europe and Japan, would bring these countries into another recession. Kowalczyk added that markets usually anticipated changes in the direction of the global economy two quarters before the changes really happened. Even though it may look like the global market is stabilizing, Kowalczyk warns that the double dip into recession is ahead.

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by Magdalena Rosova for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

posted by Blog TechSource @ 8:31 AM