Asian markets slip over economic uncertainty
POSTED: Thursday, August 18, 2011 - 8:01am
UPDATED: Thursday, August 18, 2011 - 8:02am
NBC News — Stock markets slipped in Hong Kong and Taiwan thursday. Hong Kong stocks opened flat. Hopes the territory's markets would see more inflows from investors in mainland China helped offset concern about global growth. The world's most valuable exchange operator, Hong Kong Exchanges and Clearing, said it was in talks with the Shanghai and Shenzhen stock exchanges to set up a joint venture company.
Stocks in Taiwan fell 1.34 percent led by Acer and other PC makers. A cautious outlook from Dell sparked investor concern about the outlook for U.S. and European technology spending. Shares of Acer, the world's number two PC vendor, dropped five percent after shares of HP and Dell fell in U.S. trading. Experts said uncertainty over the growth of major global economies including the U.S. and Europe would continue to affect markets in Asia.