(MENAFN - Qatar News Agency) Ngapore june 16 (qna) - asian stocks tumbled while crude oil extended gains on fears of continued violence in iraq could affect exports.
the msci asia pacific index (mxap) lost 0.2 percent to 143.78 as of 12:36 p.m. in hong kong with about two shares falling for each that rose.
the measure last week completed its longest weekly winning streak in 10 months pushing the gauge to its highest level since june 2008 as data indicated china's economy is stabilizing and the u.s. recovery is intact. futures on the s&p 500 dropped 0.4% today.
japan's benchmark nikkei 225 was down 164.55 points or (1.09%) to 14933.29 at 3pm local time after opening the session at 15049.61.
japan’s topix index slid 0.7% as panasonic retreated 1.7 percent to 1180 yen. the yen rose approaching the strongest level in four months against the euro.
new zealand’s nzx 50 index singapore’s straits times index australia’s s&p/asx 200 index and south korea’s kospi index were little changed.
hong kong’s hang seng index lost 0.1%. china’s shanghai composite index and taiwan’s taiex index both gained 0.2%.
mumbai's s&p bse sensex was down 2508315 at 10am (ist) and recovered to 25233.03 at 11.39am. (qna)