JAKARTA: Asian stocks were hit by profit taking amid the heightened tension in Korean Peninsula and eurozone's debt issue.Investors are still very much concerned with the Ireland's rating cut by Moody's and the failure of European state heads to deal with debt issue. The condition hit the euro. EUR/USD was traded at 1.3162 after moving as low as 1.3124 at 15.40 Jakarta time.
Besides, the artillery firing was heard on South Korea's Yeonpyeong Island this afternoon, adding concern to global stocks.Nikkei lost 60 points to close at 10,240. The decline in Japanese stocks listed Chinese markets hit the Japanese benchmark market. Limited fund at the stock market raised stocks listed in Hang Seng. Hong Kong's benchmark index was closed up 27 points to close at 22,699. In the meantime, profit taking on technology and automotive stocks contributed to the decline in Korea's Kospi. Kospi was closed down 35 points to 265.90. (NOM)
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