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ជនជាតិខ្មែរកើតនៅលើដីខ្មែរ ត្រូវចេះខំថែជាតិឲ្យបានរុងរឿង កេរ្តិ៍ឈ្មោះជាតិ យើងបានថ្កុំថ្កើង លុះត្រាតែយើងចេះថែរក្សា។ ទោះបីខ្មែររស់នៅប្រទេសណា ចូរកុំភ្លេចថាខ្លួនកើតមកជាខ្មែរ កុំឲ្យបរទេស គេមកបង្វែរ ឲ្យខ្មែរនិងខ្មែរ បែកសាមគ្គីគ្នា ថ្វីបើគេហ៊ានចំណាយ ប្រាក់កាសចាយហូរហៀរយ៉ាងណា ចូរកុំភ្លេច កេរ្តិ៍ឈ្មោះខេមរា រុងរឿងថ្លៃថ្លា តាំងពីបុរាណ ព្រលឹងជាតិនៅគង់វង្សបានយូរ ទាល់តែយើង ស៊ូរួបរួមគ្នាគ្រប់ប្រាណ កសាងជាតិដោយក្តីក្លាហាន នោះជាតិយើងបានស្គាល់ក្តីរុងរឿង។


Monday, February 25, 2013

Asian stocks fall on fears of Italian election deadlock

Silvio Berlusconi preparing to vote

Asian stocks have fallen in early trading on Tuesday, trailing European and US shares lower, amid fears of renewed instability in the eurozone.
The trigger for the declines was a seemingly inconclusive election result in Italy, and the fear that political deadlock would delay economic reforms.
Japan's main Nikkei 225 stock index lost 1.8%, Hong Kong's Hang Seng fell 0.8% and Australia's ASX was down 1.1%.
Exporters led the drop in Asia on concerns sales to Europe would suffer.

Market Data

Last Updated at 04:52 GMT
Nikkei 225 11401.04 Down -261.48 -2.24%
ASX All Ords 5029.40 Down -43.30 -0.85%
Hang Seng 22645.22 Down -174.86 -0.77%
SSE Composite 2325.82 Up 11.66 0.50%
SSE SE 50 1890.76 Up 7.29 0.39%
BSE Sensex 19212.78 Down -118.91 -0.62%
Marketwatch ticker

Companies such as electronics maker Sony and camera firm Nikon still get a large share of their revenue from Europe, and analysts said any worsening of economic conditions and consumer sentiment could knock sales.
"It revives memories of risks in the eurozone," said Yuji Saito from Credit Agricole in Tokyo. "I doubt that the situation will turn into a disaster, but we need to carefully monitor developments."
'Too close to call' In Italy, votes are still being counted. However, exit polls suggest that the centre-left has won a lower house majority, while early count data gave Silvio Berlusconi's centre-right the lead in the Senate.
This would make it harder for one group to push through their plans to revive the economy, and the may even stall Italy's process of cutting its public debt levels.
Global bank shares, the euro, and Italy's bond and stock markets fell back on Monday amid fear that Italy's deadlock may unleash new financial stress in the eurozone.
Mr Berlusconi quit as Prime Minister in 2011 amid a major financial crisis, and after markets and voters lost confidence in his ability to push through spending cuts and difficult labour market reforms.
At the time, Italy was faced with spiralling borrowing costs in the bond markets, and the country's banks were forced to turn to the European Central Bank for emergency loans.
Mr Berlusconi was replaced by a so-called technocrat caretaker Prime Minister, Mario Monti, a man who was not directly affiliated to any party and who looked to create a broad coalition that said it would focus on economic necessities not political point scoring.
Mr Monti pushed through a plethora of unpopular economic reforms that helped regain the markets' trust but ultimately led to the break up of his coalition as critics questioned his focus on austerity, higher taxes and cost cutting.
Deadlock concerns On Monday, The Milan bourse, which had been up 4% for the day in mid-afternoon trading, gave up its gains as the early Senate results came through. It ended the day only 0.7% higher.
Italian bank stocks, which had surged more than 7% on hopes of a stable centre-left coalition government under Pier Luigi Bersani, also gave up most of their gains.
The negative tone continued into US trading hours, with the Dow Jones falling steadily from mid-morning, to finish the day 1.6% lower.
US banks were also badly hit by concern that a failure by the new Italian government to get to grips with the country's heavy debt burden could lead to renewed stress in the international banking system.
Morgan Stanley fell 6.6%, Citigroup 3.8%, Bank of America 3.6% and JP Morgan 2.5%.
On the bond markets, Italy's cost of borrowing ended Monday higher at 4.49% per year, from 4.33% at the end of Friday, as the perceived riskiness of lending to the government rose.
The implied yearly cost of borrowing had fallen to 4.17% at one point, before news of the Senate results arrived.
Meanwhile, on the currency markets, the euro - which had gained a cent against the dollar to $1.33 at one point - fell back again to $1.306, as hopes for greater political stability evaporated


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