Asian markets declined the most in 5 weeks on Monday (Dec. 17, 2007), led by Samsung Electronics and HSBC Holdings, on concern that the rising inflation will stop the further interest-rate cuts, reducing the global growth.
HSBC and Cheung Kong (Holdings) declined after U.S. consumer prices increased the most since 2005.
Centro Properties Group declined 76% after the owner of U.S. shopping malls said it is facing difficulty in refinancing the debts.
Japanese benchmark index Nikkei fell 264.72 points, or 1.71%, to trade at 15,249.79.
Hong Kong`s index Hang Seng declined 967.06 points, or 3.51%, to trade at 26,596.58.
China`s Shanghai Composite declined 131.15 points, or 2.62%, to trade at 4,876.76.
Taiwan`s index Taiex slid 287.23 points, or 3.54%, to trade at 7,830.85.
South Korea`s KOSPI declined 55.23 points, or 2.91%, to trade at 1,839.82.
Singapore`s Straits Times fell 112.82 points, or 3.25%, to trade at 3,353.56.
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