Asian stock market outlook august 19 2011

Indonesia stock info - Asian stock market outlook august 19 2011 ; Asian stock markets were down in jittery trade Thursday as global economic uncertainty shook confidence and Japan’s strong yen continued to bite.

Tokyo was 1.25 percent, or 113.50 points, down at 8,943.76, its lowest close since March 15, when the Tokyo bourse plunged in the wake of the March 11 earthquake and tsunami and a subsequent nuclear emergency.

Sydney shed 1.22 percent, or 52.7 points, to 4,251.2 on profit taking and Seoul dropped 1.70 percent, or 32.09 points, to 1,860.58.

Hong Kong lost 1.34 percent, or 262.76, to 20,016.27 and Shanghai dropped 1.61 percent, or 41.79 points, to 2,559.47. Shortly before Tokyo’s opening bell, official data showed Japan’s exports fell for a fifth straight month in July, but the nation still managed to record a trade surplus as the economy gradually recovers from the triple disaster.

Global economic concerns spooked Dalal Street again on Thursday. Mirroring weak Asian and European markets as glum global growth outlook prompted investors to flee from riskier assets, the Sensex plunged 371 points to nearly 15-month low of 16,469.79 with many stocks touching their 52-week low. Tech, banking and metals led the decline.

In other markets

* Manila closed 1.46 percent, or 63.27 points, higher at 4,403.54.
* Taipei fell 1.64 percent, or 126.79 points, to 7,614.97.
* Wellington closed down 0.12 percent, or 3.88 points, at 3,286.22 in subdued trade.
* Kuala Lumpur ended flat, up 0.23 points, at 1,503.30.
* Singapore fell 0.13 percent, or 3.57 points, to 2,824.96.
* Jakarta rose 1.71 percent, or 67.72 points, to 4,020.99.
* Bangkok fell 0.40 percent, or 4.42 points, to 1,089.09.



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