04 June 2012 04:21 [Source: ICIS news]
SINGAPORE (ICIS)--Shares of petrochemical companies in Asia tumbled on Monday morning, tracking falls in regional bourses, on heightened concerns over weakening global demand amid the eurozone debt crisis, continued fragility of the ?xml:namespace>
In South Korea, Hanwha Chemical fell 3.69%, LG Chem slumped 4.56% and Kumho Petrochemical shed 7.11%, with the KOSPI composite index lost 45.21 points or 2.46% at 1,789.28.
The Shanghai Composite Index was down 27.28 points or 1.15% 2,346.15.
“It is not good that both the
The Dow Jones industrial average was at its lowest level since December 2011, according to DBS Bank Research, citing that the “larger worry is the negative spillover from the eurozone sovereign debt crisis on the
Markets will be eagerly awaiting the testimony of US Federal Reserve chairman Ben Bernanke before the US Joint Economic Committee on 7 June on indication for a possible third quantitative easing policy, in which the central bank injects the financial system with liquidity to boost the ailing
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