HONG KONG- Asian stock markets were mixed Tuesday that hunting bargain after heavy losses the previous session was tempered by concerns about the Chinese economy and the woes of the debt in the euro area.
The euro remained under pressure after the decommissioning of outlook Standard & Poor of the debt of the Italy, while the Greece was under pressure on a possible restructuring and Spain regional elections cast doubts on the future of the Government.
End Tokyo of 0.17 per cent, or 16.54 points to 9,477.17 after fallen 1.52% Monday, helped by a strong performance by Sony.
Seoul has acquired 0.29%, or 6.05, to 2,061.76 points, after a loss of 2.64% whereas Hong Kong was flat, deburring points to 22,730.78 after a 19.76 2.11% fall.
However, Sydney fell from 0.31%, or 14.2 points, at 4,628.8 and Shanghai gave to 0.27%, or points epidemiological, to put an end to the 2,767.06.
On Wall Street the Dow Jones slid 1.05%, the widest S & P 500 hangar 1.19% and the tech-heavy Nasdaq fell 1.58%.
"The global equities are facing adjustment downward on the back of the deepening of European debt concerns," said Hiroichi Nishi, General Manager at Nikko Securities SMBC.
Downgrade Italian outlook fears raised the weekend that the strongest peripheral States in the block of the euro could face the same fate as the Ireland, the Portugal and the Greece in need of a rescue plan.
Decommissioning of S & P of "stable" to "negative" came on concerns about the prospects for growth of the country. The move came just after Fitch said it has cut the rating of the debt of the Greece.
The possibility of that Greece could go to restructure its debt was real concern, dealers said, as she has shown the divisions between politicians who seem willing to accept the move and the European Central Bank, which is opposite.
Athens announced at the same time that it would immediately begin selling active State to reduce its massive debt and that at least initially appeared to help regular of the euro.
In Spain, the Socialist Government handed a Basinger in local elections, raise concerns about the ability of Madrid to deal effectively with its economy in the appeals for national surveys.
The euro gained slightly to $1.4076 in afternoon trade in Tokyo of the 1.4047, late Monday in New York although it remains low after falling below $1.40 at night for the first time since March.
The euro rose from 115.23 114.97 Yen yen.
The dollar recovered yen 81.69 in Tokyo morning trade, down from 81.96 in New York.
"A series of bad news prompted investors to shun the euro amid revived concerns about debt problems, deeply rooted" said Teppei Ino, analyst at Bank of Tokyo-Mitsubishi UFJ.
"While calm euro sale somewhat in Tokyo in exchange for hours, unit is seen to remain under pressure."
Hong Kong and Shanghai prolonged poor performance of Monday after HSBC has published preliminary manufacturing data suggesting the Chinese economy slowed.
In Tokyo, Sony, which is reeling from March 11 earthquake and tsunami and a huge online piracy attack, provided support to the broader market increased 2.7% to the yen's Japan 2270.
The gain came despite say after that the market close Monday it should show a net loss of 3.2 billion for the fiscal year ended March.
"Investors are relieved that the preliminary earnings numbers were not as catastrophic as planned," Yoshihiro Okumura, Director General of the Chibagin Asset Management research, told Dow Jones Newswires.
After market close Tuesday, the company revealed that its Web sites in the three countries had been violated, with 8 500 accounts of users in Greece compromised, even if no detail of the credit card was supposed to have been taken.
Oil markets New York principal contract, sweet crude for July delivery gained 77 cents to $98.47 per barrel, while the North Sea Brent crude for July delivery rose 72 cents to $110.82 in the afternoon.
Gold closed in Hong Kong to 1,519.00 $-1,520.00 $ per ounce, up close on Monday of $1,509.00-$ 1, 510.00.
In other markets:
-Acquired Taipei 0.10%, or 9.10, to 8,756.61 points.
Hon Hai Precision, the parent of the Foxconn technology giant, acquired by 3.0% to Tw$ 103.0, compensate 2.91% loss the previous session in an explosion in a plant to Foxconn in China.
Taiwan Semiconductor Manufacturing Co. was 0.4% higher at Tw $ 74.8.
-Manila fell 0.85% or 36.11 points, at 4,227.08.
Global Alliance allow 3.7% 10.78 pesos and fell from Lepanto Mining 5.8% to 80 centavos, while MCID Holdings was off the coast of 3.8% to 40.40 pesos.
-Wellington closed at 0.15% or 5.42 points, at 3,559.55.
Telecom rose to 6.8% of NZ$ 2.435 after the Government said the company was to build a 70% fibre network across the country, a broker said. But Fletcher Building fell 1.3% of NZ$ 9.01.
-Jakarta is past 7.49 points, or 0.20% to 3,785.94.
Bank Danamon gained 0.9% at 5,900 rupiah, while Indosat telecommunications company rose by 1.9% to 5300 rupiah.
-Kuala Lumpur finished 0.21%, or 3.14 points, to close at 1,532.12.
Real estate developer UEM Land Holdings gained 2.6% to 2.81 ringgit, while Telekom Malaysia telecommunications company increased by 2.2 per cent to 3.80. Gaming giant Genting Bhd tempered 0.7 percent to 10.98(2).
-Closed Singapore 0.08% or 2.61, top points to 3,113.09.
SembCorp Industries rose by 0.80% to Sg$ 5.04 and DBS Bank acquired 0.83% to Sg$ 14.62.
-Edged Bangkok 0.97 per cent, or 10.27 points, at 1,064.24.
Banpu acquired 6.00 baht to 724.00, then the 1.00 baht to 352.00 added Siam Cement.
-Edged Mumbai + 0.1% or 18.64 points, at 18,011.97.
India of engineering giant Larsen and Toubro rose 1.75% or 28.25 rupees to 1,641.1.
Company top property of the India D B Realty plunged 8.41% or 6.35 rupees to 69,15 front of its gains of the year, then next week that rival DLF fell from 1.84% or 4.1 218.95 rupees.
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