La most Asian stock exchanges they fell on news of the cut in Spain's credit rating, which overshadowed the good news on the US housing market front and Samsung's better-than-expected results.
La Nippon Sheet Glass Co., whose sales are 39% in Europe, fell by 0,9% in Tokyo. Nintendo it fell 6,4% on the announcement that the game console maker did not record the profits expected by analysts. Toyotahowever, whose largest market is North America, rose by 0,9 percent. Samsung Electronics, Asia's largest consumer electronics maker, jumped 2,8% in Seoul.
More generally, the MSCI Asia Pacific index it had changed little, at 124.35, as of 12 Tokyo, with about three stocks down for every two stocks up. For the week, the index gained 10% amid signs of improvement in the US economy and profits of technology companies, such as Apple, exceeding analysts' expectations. The South Korean Kospi rose 0,4% and theHang Seng grew by 0,3 percent. Conversely, the Chinese Shanghai Composite Index slipped by 0,3% and the Australian S&P/200 ASX 200 suffered a small setback (-0,2%). The Nikkei 225 Stock Average swung between gains and losses in anticipation of a central bank meeting where announcements of new measures to stimulate the economy were expected.
http://www.bloomberg.com/news/2012-04-27/most-asian-stocks-decline-after-s-p-cuts-spain-s-rating.html
