Forex Marketz Daily Forex News – Fully Markets Update
Asian stocks fell this morning. Traders are worried over a deepening financial crisis in Turkey as money flowed into safe haven currencies. The Turkish lira fell to a record low against the dollar. Also, financial markets in Thailand were closed for a holiday, thinning volume.
The Asian benchmark in Japan, the Nikkei 225 was down sharply this morning. Shares shed over 1.5 percent on a stronger yen. Car makers and electric appliances were lower today.
Shares of Toyota Motor shed 1.67 percent and shares of Canon were down 2.17 percent. The sea transport sub index fell this morning. The sector tumbled over 3.31 percent, with steep declines with all companies.
In China, stocks were also down. The Shanghai Composite fell 1.15 percent. The CSI 300 index lost 1.2 percent. In Hong Kong, the Hang Seng Index was also down. This index gave up fell 1.6 percent. All sectors were showing steep losses.
Other Asian Markets in the Region Fall Lower
Elsewhere in the Asian and Pacific Rim, the South Korean Kospi composite index extended its losses. Shares fell over 1.3 percent.
Shares of blue chip and index heavyweight Samsung Electronics shed over 1.1 percent.
This morning in Australia, the benchmark stock index, the S&PASX 200, was also down. Shares were not down as much as other regional indexes. The index was last down by 0.46 percent.
