BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.
"There were plenty of reasons for this: the constitutional court in Germany gave the ESM the green light, the U.S. A separate index for Germany showed sentiment rising to 6.4 in October from 4.4 last month, underpinned by private investors' increased optimism in belated response to the European Central Bank's bond-buying plan announced last month.
*World Bank cuts growth view on East Asia/Pacific. LONDON, Oct 8- European shares fell early on Monday, surrendering most of the previous session's gains on a downgraded growth outlook for Asia and as investors started to position for a weak earnings season.
*POSCO sags on discount block sale by SK Telecom. *KOGAS rallies on Iraq pipeline contract. However, the real move will come from the Q3 earnings reports, "said Song Sang- hoon, an analyst at Kyobo Securities.
*FTSE 100 down 0.8 percent. *Miners sag as World Bank cuts Asia growth. By 0741 GMT, the FTSE 100.
*Oil dips below $112 as World Bank cut Asian growth outlook* Euro edges down 0.4 pct to $1.2970. The World Bank cut its estimate for East Asian growth including for China, and this has undone some of the positive sentiment that followed Friday's sharp drop in U.S. unemployment for September.
A territorial dispute with China, which has disrupted Japanese firms operating on the mainland and hurt exports, is expected to deal a significant blow to Japan’s economy, which is already losing its momentum and could contract in the fourth quarter, JPMorgan said
TELECOM ITALIA, TELECOM ITALIA MEDIA. Cairo Communications could present an offer for Telecom Italia Media, La Repubblica said on Saturday. Talks between Prelios and two rival bidders for a stake in the real estate company, Italian investment firm Feidos and U.S. asset manager Fortess, resume on Monday, Il Sole 24 Ore said on Sunday.
ZURICH, Oct 8- Swiss private bank Julius Baer. has priced its rights issue at 24.20 Swiss francs per share, raising 492 million francs as it seeks to finance its purchase of part of Bank of America Merrill Lynch's wealth management business.
SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.
TAIPEI, Oct 8- Taiwan stocks ended down 0.97 percent on Monday, as investors sold LCD makers. shed 2.09 percent while LCD firm AU Optronics lost 2.34 percent. The Taiwan dollar was up by T $0.118 to trade at T $29.25.
ended slightly lower on Friday, breaking a four-session winning run, while the MSCI broad index of Asia Pacific shares outside Japan. on Tuesday, and after the World Bank cut its economic growth forecasts for the East Asia and Pacific region, warning about risks the slowdown in China could get worse and last longer than expected.
Singapore shares slipped by midday, weighed by property developers such as CapitaLand Ltd after new government measures were introduced to cool the city-state's property market.
SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.
Britain will block the proposed $45 billion merger between EADS and BAE Systems if key "red line" priorities are not met, defence minister Philip Hammond said on Sunday, just three days before a deadline for detailing the deal.
WELLINGTON/ SYDNEY, Oct 8- The Australian and New Zealand dollars traded with a heavy tone near multi-week lows on Monday and looked vulnerable amid persistent concerns about the outlook for the global economy despite better-than-expected U.S. jobs data last week.
ZURICH, Oct 8- The following are some of the main factors expected to affect Swiss stocks on Monday:. Julius Baer announces details of the rights offering in connection with the partial financing of the acquisition of the international wealth management business of Bank of America Merrill Lynch outside the United States and Japan.
*Julius Baer announces details of the rights offering in connection with the. *Julius Baer says the subscription price for the new registered shares was. *Julius Baer says will raise gross proceeds of CHF 492 million.
FRANKFURT, Oct 8- Germany's Bundesbank on Monday rejected calls from the International Monetary Fund for the ECB to consider tackling the euro zone crisis with a policy of "quantitative easing"- effectively, printing money.
TELECOM ITALIA, TELECOM ITALIA MEDIA. Cairo Communications could present an offer for Telecom Italia Media, La Repubblica said on Saturday.