Markets in the East Fall

Wednesday morning in the East saw the main market indexes fall.

There was thin trading in Hong Kong and Shanghai with the Heng Seng dropping .4%. The Nikki index also lost ground.

Traders it seemed had shaken off the enthusiasm of the day before after coming to the conclusion that the decision to let the control on the yuan relax a little by the Chinese Government, had been overdone in the markets.

Concern also seemed to resurface over the situation relating to the Euro and Sovereign Debt.

Whilst there have been recent significant budget reactions from the Germans and the British , issues relating to some French and Spanish banks put the jitters back in the market.

Some analysts seem to be leaning towards another correction plus others are of the opinion that a reversal in the fortunes of the dollar is imminent.

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Posted by Jackie Cooke on Jun 24 2010. Filed under Featured News, Finance, Legal. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry