MELBOURNE, Nov 23 (Reuters) - Asian stocks look set for a
weaker start on Tuesday, as investors fear Ireland's debt crisis
could spread throughout Europe, raising the spectre of losses by
exposed U.S. banks.
Trading is likely to be subdued with Japanese financial markets closed for the Labour Day national holiday.
Still, tech stocks could gain reprieve as the tech-heavy Nasdaq bucked a weaker trend on Wall Street, helped by broker upgrades for chipmaker SanDisk Corp and chip-gear makers Amkor Technology Inc and Teradyne Inc. For details see and.
The main Wall Street indices fell as initial optimism over Ireland's debt bailout gave way to concerns about the government's future and problems elsewhere in the euro zone, and raised the spectre of losses by exposed banks.
The unpopular Irish government began to unravel after a call by Ireland's junior party for an early election in January, putting the budget in doubt. For details, see.
The euro reversed gains earlier on Ireland's rescue by the European Union and the International Monetary Fund, which was aimed at tackling its banking and budget crisis.
Asian stocks listed on Wall Street rose 0.1 percent on Monday.
Japan's Nikkei average rose almost 1 percent to a fresh five-month closing high on Monday, as receding worries about the yen's strength encouraged a shift back to Japanese shares led by foreign investors.
Australian stocks are also seen set to open slightly lower, following offshore markets down on worries about euro zone debt woes and Chinese demand for metals. Stock index futures fell 0.6 percent to 4,638.0, a 5.5-point discount to the underlying S&P/ASX 200 index.
KEY INDEXES pct change
Bank of New York Asia ADR index +0.10
Dow Jones Industrial Average -0.22
Nasdaq Composite Index +0.55
Nikkei futures in Chicago 10,075
Nikkei futures in Osaka 10,090
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Labour Day national holiday
AUSTRALIA - Japan Trade minister Akihiro Ohata visits
Canberra for talks with his Australian counterpart Craig Emerson.
AUSTRALIA - Stockland market update
(Reporting by Victoria Thieberger; editing by)
((victoria.thieberger@reuters.com; +61 3 9286 1421; Reuters Messaging: victoria.thieberger.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Trading is likely to be subdued with Japanese financial markets closed for the Labour Day national holiday.
Still, tech stocks could gain reprieve as the tech-heavy Nasdaq bucked a weaker trend on Wall Street, helped by broker upgrades for chipmaker SanDisk Corp and chip-gear makers Amkor Technology Inc and Teradyne Inc. For details see and.
The main Wall Street indices fell as initial optimism over Ireland's debt bailout gave way to concerns about the government's future and problems elsewhere in the euro zone, and raised the spectre of losses by exposed banks.
The unpopular Irish government began to unravel after a call by Ireland's junior party for an early election in January, putting the budget in doubt. For details, see.
The euro reversed gains earlier on Ireland's rescue by the European Union and the International Monetary Fund, which was aimed at tackling its banking and budget crisis.
Asian stocks listed on Wall Street rose 0.1 percent on Monday.
Japan's Nikkei average rose almost 1 percent to a fresh five-month closing high on Monday, as receding worries about the yen's strength encouraged a shift back to Japanese shares led by foreign investors.
Australian stocks are also seen set to open slightly lower, following offshore markets down on worries about euro zone debt woes and Chinese demand for metals. Stock index futures fell 0.6 percent to 4,638.0, a 5.5-point discount to the underlying S&P/ASX 200 index.
KEY INDEXES pct change
Bank of New York Asia ADR index +0.10
Dow Jones Industrial Average -0.22
Nasdaq Composite Index +0.55
Nikkei futures in Chicago 10,075
Nikkei futures in Osaka 10,090
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Labour Day national holiday
AUSTRALIA - Japan Trade minister Akihiro Ohata visits
Canberra for talks with his Australian counterpart Craig Emerson.
AUSTRALIA - Stockland market update
(Reporting by Victoria Thieberger; editing by)
((victoria.thieberger@reuters.com; +61 3 9286 1421; Reuters Messaging: victoria.thieberger.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.