Sun, Mar 16, 2014 - Page 15 News List

Asian shares follow global sell-off on China, Ukraine

HEDGING BETS:Regional markets plunged after alarming data from the world’s No. 2 economy frayed the nerves of investors already anxious over the Moscow-West standoff

Bloomberg and AFP

On Friday, the NZX slid 0.64 percent, or 32.66 points, from Thursday to close on 5,079.32.

The MSCI Asia-Pacific gauge ended the week trading at 12.65 times estimated earnings, compared with multiples of 15.66 for the Standard & Poor’s 500 Index and 14.04 for the STOXX Europe 600 Index, data compiled by Bloomberg show.

In other markets on Friday:

Mumbai closed 22.55 points up from Thursday to finish the week at 21,797.16 points.

Manila closed 0.60 percent lower, giving up 38.55 points to close on 6,391.24.

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