http://www.bloomberg.com/news/2012-10-10/japanese-stock-futures-decline-on-spain-rating-downgrade.html
Japanese stock futures fell after a
cut in Spain’s debt rating by Standard & Poor’s reminded
investors of the risk of Europe’s debt crisis, sapping demand
for riskier assets. Australian equities dropped.
American depositary receipts of camera maker Canon Inc. (7751),
which gets 31 percent of its revenue in Europe, dropped 1.1
percent from the closing share price in Tokyo. ADRs of Komatsu
Ltd. (6301), Japan’s largest construction machinery maker, dropped 1.1
percent after a preliminary report showed the nation’s machine
tool orders fell last month. Lynas Corp. slumped 19 percent in
Sydney after a court ruling further delayed the development of
its rare-earth refinery in Malaysia.
Futures on Japan’s Nikkei 225 Stock Average (NKY) expiring in
December closed at 8,550 in Chicago yesterday, down from 8,590
in Osaka, Japan. They were bid in the pre-market at 8,530 in
Osaka at 8:05 a.m. local time. Australia’s S&P/ASX 200 Index
retreated 0.6 percent today. New Zealand’s NZX 50 Index dropped
0.4 percent in Wellington.
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