Worried European, Asian Stocks Down

Written By Admin on Tuesday, October 11, 2011 | 7:28 PM

Economy - Asian stocks fell on Wednesday as a result of Europe's debt crisis has eroded confidence in the global economy and begin to weigh on corporate earnings. While the Slovak parliament rejected a bailout fund expansion plan adds uncertainty.

Slovakia is the only nation euro zone that has not agreed to expand the bailout fund. Though it is deemed necessary to stop the debt crisis of Europe. Sound re-election is expected this weekend.
While opposition parties are expected to help the current government has resigned, adding to market concerns. Special MSCI Asia Pacific excluding Japan fell 0.4 percent, while the Nikkei average opened down 0.6 percent.

Global benchmark, the MSCI rose 0.4 percent on Tuesday, but died down after the largest aluminum producer Alcoa said the slowdown in economic growth in lower prices to lower metal. Whereas improved market sentiment this week after German and French leaders pledge to tackle the debt crisis. In Asia, stocks also experienced a strengthening China's banking

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