Asian shares extend losses amid Libya worries |
| The Associated Press - Feb 22, 2011 |
Asian shares extended losses Wednesday amid ongoing worries about unrest in Libya, which pushed oil prices higher and sent Wall Street sharply lower.
The downturn was limited after big declines the previous day. But sentiment in the region remained fragile after a defiant Moammar Gadhafi vowed in a televised speech Tuesday to fight to his "last drop of blood" and roared at supporters to strike back against Libyan protesters to defend his embattled regime.
Hong Kong's Hang Seng index lost 0.4 percent to 22,893.51, the Shanghai Composite index fell 0.4 percent to 2,844.99, and Australia's S&P/ASX 200 was down 0.2 percent at 4,846.10,
Japan's Nikkei 225 stock average shed 0.2 percent to 10,643.80. A stronger yen hurt exporters, with Nissan Motor Co. losing 1.6 percent.
Benchmarks in Taiwan and Singapore also retreated, while South Korea's Kospi added 0.2 percent to 1,972.92.
Read Full Article from The Associated Press
- Posted: 2011-02-22 22:11:10
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