Regional markets tumbled amid market jitters that France is likely to face a ratings downgrade and also due to Chinese data which showed manufacturing activity contracted. Negative pressure emerged after the Belgian newspaper De Standaard reported without saying that the Belgian sources can not meet the requirements of the assistance plan for the bank Dexia, the Franco-Belgian owned and Prenacis ask to renegotiate. "The report mentions that the French and Belgian officials denied that they were re-negotiated.
S & P / ASX -2.0%, HSI -1.9%, Shanghai Composite -0.7%, Kospi -2.4% -1.6% and the Sensex. Japanese markets closed for national holidays. In the forex market, the problems concerning Dexia equities and a weaker euro weighed. EUR / USD at 1.3470 from 1.3505 on Tuesday night in New York and EUR / JPY at 103.65 from 103.96. USD / JPY at 77.04 vs 76.98. China manufacturing data in November, which is the number of manufacturing activity dropped sharply to 48.0, the lowest since March 2009, compared with a figure of 51.0 in October. A reading below 50 indicates contraction. With news about the euro zone are increasingly burdening the country with the largest economy in Asia. Singapore October CPI rose 5.4% per year compared with an increase of 5.5% in September and the market forecast of 5.2% due to increase in home prices and rising transportation. Australia construction value for Q3 of 2011 rose 12.5% per quarter to A $ 47.47 billion.
Spot gold was at $ 1,707.00 / ounce, up $ 7.60 vs. the closing session of New York. January Nymex crude oil contract fell $ 1.25 to $ 96.76/barrel.
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