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Stock Market News – Markets Open Mixed in Asia

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(Best Syndication News) After six-straight days of declines in the United States, stock markets in Asia are opening mixed early Monday (see stock charts below). European sovereign debt worries continue to fester as markets drop more than three percent in one week.

The Hang Seng Index (Hong Kong) is down 60 points on Monday while the Shanghai composite index (China) and Nikkei 225 (Japan) are up 6.7 points (+0.29%) and 28 points (+0.34%) respectively.

Stock Market News – Financial Sector Leads Stocks Lower

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(Best Syndication News) Stocks are opening higher in Asia Monday despite a meltdown of the financial sector in the United States and looming uncertainty in Europe (see stock charts below).

The Shanghai Composite Index (China) added 2.46 points (+0.10%) early Monday, while the Nikkei 225 (Japan) and Hang Seng Index (Hong Kong) advanced 23 points (0.26%) and 1.71 points (0.01%) respectively. On Friday all three indexes were lower (see the world market chart below).

Stock Market News - Prices Stumble in Asia after European Elections

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(Best Syndication News) Stock markets are lower in Asia early Monday after a disappointing day on Wall Street Friday (see stock charts below). Traders are worried about the uncertainty surrounding Sunday’s elections.

The conservative New Democracy (ND) and socialist PASOK parties may have lost their controlling majority of Parliament in Greece and the incumbent conservative President Nicolas Sarkozy lost to Francois Hollande in France. Both elections brought about some uncertainty for the bailout packages promised to Greece.

Stock Market News – Western Digital (WDC) Republic Services (RSG) Expedia (EXPE) and Amazon (AMZN) Report

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(Best Syndication News) Markets in Japan and Mainland China were closed Monday, however the Hang Seng (Hong Kong) stock exchange was open and trending higher (see the stock chars below).

Last week the Dow Jones Industrial Average (DJIA) closed up more than 1.5 percent, mostly because of positive earnings reports. The sovereign debt issues continued to fester in Spain and some economic indicators were less than expected.

Home prices were lower, according to Standard and Poor’s, and the Gross Domestic Product (GDP) grew only 2.2 percent in the first quarter, according to data released by the U.S. Department of Commerce. Investors continued to buy equities despite the negative news.

Apple iPhone and iPad sales boost Q2 2012 results 94 Percent

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(Best Syndication News) - Apple Inc., (NASDAQ:AAPL) announced their fiscal second quarter results that ended on March 31, 2012. The result was a net profit increase of 94 percent year over year. Apple’s sales were boosted by the iPhone and iPad products.

The Apple iPhone sales were 35.1 million units sold in fiscal Q2 2012, which is an 88 percent increase compared to the same time last year. The Apple iPad sales increased 151 percent in Q2 2012 compared to the prior year. The company sold 11.8 million iPads. Mac computer sales increase 7 percent in the quarter compared to the prior year. Apple iPod sales of 7.7 million were 15 percent less than the previous year’s Q2 data.

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