Concern about global recovery pushes down Asian markets

07/1/2010 | Wall Street Journal, The

Most Asian share markets dropped Thursday, with investors, particularly in Australia and Japan, reducing their exposure to equities. Japan's Nikkei 225 dropped 2%, Australia's S&P/ASX 200 fell 1.5% and South Korea's Kospi Composite gave up 0.7%. China's Shanghai Composite and Taiwan's Taiex slipped 1%, while New Zealand's NZX 50 slid 1.3%. Singapore's Straits Times Index declined 0.7% and India's Sensex went down 1.3% in afternoon trading. Markets in Thailand and Hong Kong were closed.

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