Asian stock markets outlook december 23 2011

Indonesia stock info - Asian stock markets outlook december 23 2011 ; Asian markets slipped yesterday as traders questioned whether a European Central Bank move to pump cheap cash into banks would be enough to unclog credit markets and ease the region's debt crisis.

Following the ECB's announcement that it would provide three-year loans at rates as low as one per cent, a total of 523 banks snapped up a record 489.2 billion euros ($641 billion).

However, some market watchers said the fact that so many institutions jumped in so quickly highlighted the precarious state that they were in.

Tokyo ended 0.77 per cent, or 64.82 points, lower at 8,395.16 and Sydney shed 1.18 per cent, or 48.7 points, to close at 4,090.8, while Seoul was flat, nudging 0.92 points down to 1,847.49.

Hong Kong fell 0.21 per cent, or 38.22 points, to 18,378.23 and Shanghai ended 0.22 per cent lower, shedding 4.85 points to 2,186.30.Feel free to forward this Op Ed and follow our Blog stock market news today

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