Asian stock market down october 12 2011

Indonesia stock info - Asian stock market down october 12 2011 ; Asian shares fell on Wednesday on signs that Europe's debt crisis has hurt confidence in the global economy and is starting to weigh on corporate earnings, while the Slovak parliament's rejection of a plan to expand the euro zone rescue fund added to uncertainty.

Slovakia is the only euro zone country yet to approve a plan to boost the funds available to the bailout vehicle, which is seen as crucial to containing Europe's debt crisis, and a re-vote was expected later this week.

While the main opposition party was set to support the measure now the government has resigned, the twist has added to market nervousness just as European authorities were striving to come up with concrete steps to avoid a systemic contagion.

MSCI's broadest index of Asia Pacific shares outside Japan fell 0.4 percent, while Japan's Nikkei average opened down 0.6 percent.

global forecast for the Asian markets
The global forecast for the Asian markets is negative after a key vote to address the European debt woes failed to pass in the Slovakian parliament. Disappointing earnings news adds to the cautious sentiment. Financial and property stocks are expected to fall under pressure, although oil and technology stocks may provide support. The European markets finished mostly lower and the U.S. bourses were mixed but little changed, and the Asian markets are expected to open in the red.

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