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Equity Market News 19th May 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

18/04/05

Permalink 04:32:22 pm, Categories: Tokyo Nikkei & Topix, 194 words  

Asia markets: slide continue

In Seoul on Monday, the composite index in Seoul fell for the sixth straight session, down 2.4 percent to 925.00.

The losses reflected the continuing influence of Samsung Electronics’ poor first-quarter earnings report. The biggest losses occurred in the technology sector.

Samsung was down 3.2 percent after a 2 percent fall Friday. Additionally, Hynix Semiconductor was down 3.4 percent, and LG Electronics dropped 2.1 percent.

In other sectors, consumer-related stocks posted some gains in Seoul.

Meanwhile, in Taipei, markets were lower due to a sell-off in the technology sector.

The markets there reached their lowest point in almost six months with the weighted index falling 2.9 percent to 5,715.16.

Taiwan Semiconductor Manufacturing was down 2 percent. Display screen manufacturer AU Optroncis was down 4.5 percent, and Powerchip was down 3.4 percent.

One technology company, Mitak International, which makes personal computers and smartphones, was up 2.3 percent on the strength of a positive earnings report for the first quarter.

Matters were not much better in Hong Kong, where the Hang Seng index was off 2.1 percent on selling in all sectors.

All the markets were affected by investor worries about global growth and bad earnings reports for the first quarter from some of the world’s largest companies.

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