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Market Update : 
Shanghai Leads Asia Lower
Author: Ivaylo Dagnev
123jump.com
Last Update: 7:32 AM EST January 31 2007



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Asian markets finished lower on Wednesday dragged lower by Chinese benchmark index, which declined 4.9. Pprofit-taking pushed markets lower across the region. In Japan, investors were worried about the prospects for a sustainable turnaround in the earnings of Sony. Shares closed lower in South Korea, pulled down by Korea Electric Power and Hynix, while profit-taking in China Mobile led HK lower. Profit-booking was also the reason of the decline in Australian market.

 

 

 

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