Asian shares mostly declined yesterday on uncertainty about the sovereign debt issue in Greece, Spain and Portugal. Japan's Nikkei stock average sank 1.1 percent to a two-month low at the close. South Korea's Kospi fell 0.9%, while Hong Kong's Heng Seng Index lost 0.6%. But Singapore's Straits Times Index gained 0.4.
US shares tumbled sharply for a third straight day on Friday as continued worries about the White House's plan to limit bank risk-taking. Google's disappointing earnings also hit the tech stocks. For the week, the Dow dropped 4.1 per cent, the S&P 500 lost 3.9 per cent and the Nasdaq tumbled 3.6 per cent.
Most Asian stock markets were lower Friday due to some profit taking selling before the release of US non-farm payrolls data.
Japan's Asahi Breweries (TYO:2502) denied a newspaper report that it is competing with Suntory Holdings to buy European soft-drinks maker Orangina.
Asian markets ended mixed Tuesday as and financial stocks gained but property developers lost ground on a weak outlook for prices.