Asian-Pacific stock indices have closed this trading week in the red zone. Moreover, this is the biggest decline since August 2012. Investors are getting increasingly concerned with the current banking and financial crisis in Cyprus , especially as S&P has cut its sovereign rating down to CCC, with a negative forecast.
As of the end of today’s Asian trading session, the market situation looks as follows:
· MSCI Asia Pacific: -0,7% down to 134,26.
· Nikkei 225: -2,4%.
· Hang Seng: -0,5%.
· Shanghai Composite and S&P/ASX 200: -0,2%.
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225:
