Tokyo - Japan's benchmark Nikkei 225 Stock Average hit a three-month low Tuesday amid worries over US automakers' restructuring plans, which are to be submitted to Congress later in the day in Washington.
The Nikkei dropped to 7,637.49, down 112.68 points, or 1.45 per cent, from the previous day's close.
The broader Topix index of all first-section issues was down 11.9 points, or 1.55 per cent, to 758.2.
On currency markets at 9 am (0000 GMT), the dollar traded at 91.70-75 yen, up from Monday's 5 pm quote of 91.56-58 yen.
Anil Ambani-led Reliance Infrastructure, in a revelation before Bombay Stock Exchange, said that one of its promoters AAA Communication Pvt Ltd. pledged 16.35 per cent stakes in Reliance Infrastructure. Its other promotes includes Reliance Capital, Sonata Investments Ltd, Reliance Inn ventures Pvt. Ltd, Reliance General Insurance Company besides Ambani family.
Total of 3.72 crore shares are able to fetch Rs 2,119.92 crore to the promoter, considering prevailing market price of shares of Reliance Infrastructure. AAA Project Ventures held a 36.66 per cent stake out of 37.33 per cent stake of promoters in the firm.
Beijing - China's main stock market gained nearly 3 per cent on Monday despite new economic data showing a big fall in foreign direct investment in January.
The key Shanghai Composite Index, which tracks shares traded in local and foreign currencies, gained 68.6 points, or 2.96 per cent, to end the day at 2,389.39.
The smaller Shenzhen Composite Index also gained 1.87 per cent, closing at 763.30.
The Shanghai Daily newspaper said the rise was led by strong performances by brokerages.
Indian stock continued to trade negatively with bankex, realty capital goods, metal and power stocks lost more than 4% due to disappointment from the interim general budget for 2009-2010.
With Pranab Mukherjee, minister of external affairs, not declaring any incentive for the sick zone through the interim budget, capitalists have gone on a selling spree in key realty stocks.
Realty stocks, which saw good buying interest in morning on hopes of some incentives from the budget, plunged deep into red in afternoon trade.
Indian equities plunged deeper in the red during mid morning trade on the back of massive selling in bank, oil, FMCG, power and metal stocks.
Profit booking was seen in PSU, capital goods, pharma and IT sectors. Select realty stocks gained some momentum on expectations of some relief in the budget for them. Auto stocks have drifted lower from their highs owing to lack of proper support. Consumer durable stocks also looked dim.
Trade was muted as investors were cautious before the interim budget for FY10 to be declared today.
Indian equities, on Friday, maintained an upbeat momentum all through the day, and closed strongly, because of positive global signals, backed by firming trends of Asian markets.
The Sensex closed at 9.634.74, up 168.91 points after touching a high of 9,695.59 and a low of 9,540.60. In contrast, the broad-based NSE Nifty gained 55.30 points at 2,948.35 after hitting a high of 2,969.75 and a low of 2,896.85.
BSE Midcap and Smallcap index rose 1.51% and 0.62% respectively
Tokyo - Japan's benchmark Nikkei 225 Stock Average hit a three-month low Tuesday amid worries over US automakers' restructuring plans, which are to be submitted to Congress later in the day in Washington.
Anil Ambani-led Reliance Infrastructure, in a revelation before Bombay Stock Exchange, said that one of its promoters AAA Communication Pvt Ltd. pledged 16.35 per cent stakes in Reliance Infrastructure. Its other promotes includes Reliance Capital, Sonata Investments Ltd, Reliance Inn ventures Pvt. Ltd, Reliance General Insurance Company besides Ambani family.
Beijing - China's main stock market gained nearly 3 per cent on Monday despite new economic data showing a big fall in foreign direct investment in January.
Indian stock continued to trade negatively with bankex, realty capital goods, metal and power stocks lost more than 4% due to disappointment from the interim general budget for 2009-2010.
Indian equities plunged deeper in the red during mid morning trade on the back of massive selling in bank, oil, FMCG, power and metal stocks.
Indian equities, on Friday, maintained an upbeat momentum all through the day, and closed strongly, because of positive global signals, backed by firming trends of Asian markets.
