Concern by Europe, Asia market falls.

Keywords: Scholarship, Crisis, ASIA, NIKKEI.

 From Japan to Australia via India and China, all major financial centers of the region are losing between 1.5 to 3% on Tuesday. In the wake of Wall Street, investors worried about contagion of European problems of sovereign debt to Asia.

The dark red dominates the Asian market on Tuesday. The Japanese Nikkei loose 3.06% to 9459.89 points at closing. The broader Topix index gives his side of 2.29% to 859.82 points. Even toward the atmosphere side of Hong Kong where the Hang Seng closed down 3.47% to 18,985.50 points. In the aftermath, the Shanghai Composite was down 1.15% at 2646 points. In Korea, the Kosdaq Index tumbles 5.98% in India Sensex drops 1.53%. In Bangkok, where the Exchange has reopened yesterday after being closed since Wednesday, following the military offensive against the demonstrators "Red Shirts", the leading index is also manhandled (-1.68%).
A wave of pessimism prevails in Asian markets. Started the day in JapanIt was reinforced with closing at its lowest since Feb. 10 Wall Street to 10,066 points (-1.2%). Investors are anxious about the financial situation of several countries in the euro area. A fear reinforced by the announcement of the investment trust's public Cajasur Spanish savings bank in difficulty. Fears of contagion from problems of sovereign debt in Asia disturb investors.

Oil exporters and values flow:
This atmosphere leads a further fall of the euro against the dollar. This morning, the euro stood at 1.2301 dollars against 1.2361 dollars late Monday. In Japan, the yen is also strengthening against the euro at 110.99 yen per euro this morning. A bad news for exporters who values falling stock market: Toyota and lost 1.63%, -3.06% Sony, and Nikon, -5.03%.
The oil is also affected by these fears. In morning trading, a barrel of light sweet crude for July delivery yielded 56 cents to 69.65 dollars, while Brent North Sea due to identical, retreated 72 cents to 70.45 dollars.

North Korea on alert:
Another source of concern in the markets: the escalating tensions between the two Koreas since South Korea has assured that the sinking of the corvette "Cheonan" last March was the work of its neighboring enemy. In retaliation, Seoul had suspended commercial relations with Pyongyang.
On Tuesday, a new threshold was crossed by the news agency South Korean Yonhap: North Korean leader Kim Jong-il reportedly ordered its forces to put on a war footing. The authorities of both countries have not yet commented on this information.
The United States has 28,000 troops in South Korea while the North Korean army is stronger by about one million soldiers, is one of the biggest in the world. Although unlikely according to experts, a conflict between the two countries would lead to a flight of investors from South Korea. On Tuesday, the won, the South Korean currency has hit its lowest level in eight months against the dollar.