Asian shares tumble on global economic fears

The Nikkei marked its third straight day of losses, slipping by 52.38 points, or 0.53 per cent, to reach 9,767.61 - its lowest point since March 7th.

Traders and those learning how to trade saw concerns over the global economy affect share values in Asia today (April 5th), as fears of a recurrence of the eurozone crisis raise their head.

Furthermore, at one point over the course of trading the index fell below 9,700, indicating the major concerns felt by investors.

This came amid fears over the European situation, exacerbated by the poor take-up of Spanish bonds yesterday, and concern about the uncertain outlook in China.

"An outsider's perspective on Japan for the last 15 years is that it has looked like a value trap," Andrew Pease, chief investment strategist of Asia Pacific at Russell Investments, told Reuters.

China has recently discussed moves to free up the market from the monopoly of the country's major bikes, something which could have a serious impact on trading across Asia.

Posted by Clive ArneilADNFCR-1681-ID-801334689-ADNFCR - Knowledge to Action News

05-04-2012

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