9 February, 2010
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Concerns over Europe's debt woes continued to weigh on most Asian markets Monday while weaker-than-expected US jobs data also led to fears over the pace of recovery in the world's biggest economy.

The euro was off last week's eight-month lows in Asian trade but was still being sold in favour of the dollar as European fiscal problems continue to burden dealers.

The euro stood at 1.3626 dollars in Tokyo afternoon trade, after sliding to as low as 1.3586 in New York late Friday. The euro dropped to 121.65 yen from 122.01. The dollar edged up to 89.32 yen from 89.20.

Tokyo's Nikkei ended 1.05 percent, or 105.27 points, lower at 9,951.82, the first time it has been below 10,000 since December 10.

Hong Kong closed 0.58 percent, or 114.19 points, lower at 19,550.89 and Shanghai gave up 0.14 percent, or 4.23 points, to end at 2,935.17.

Seoul finished 0.91 percent, or 14.33 points, lower at 1552.79.

Sydney closed 0.16 percent, or 7.1 points, higher at 4,521.4.

Singapore ended up 0.37 percent, or 10.06 points, at 2,693.62. Bank UOB rose 26 Singapore cents to 18.26 dollars.

Taiwan shares were flat, edging up 3.01 points to 7,215.88.

Wellington ended 0.37 percent, or 11.54 points, to 3,093.45.

Jakarta lostbslk 1.72 percent, or 43.40 points, to 2,475.57.

Kuala Lumpur lost 1.02 percent, or 12.68 points, to close at 1,235.22.

Manila fell 0.32 percent, or 9.04 points, to 2,846.60.

Bangkok lost 0.48 percent, or 3.32 points, to close at 688.09.

Mumbai rose 0.13 percent, or 19.96 points, to 15,935.61.

The world's eighth-largest firm Tata Steel tumbled 4.46 percent to 533.8 rupees.


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Oil below $72 Currency

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