Spain also depressed Asian markets.

Keywords: Banks, Debts, degradation, ASIA, BHP BILLITON ADR, BANK OF CHINA.

Asian stock markets lose between 1% and 2% on Tuesday, following rumors about a call from Spain with the International Monetary Fund. The Tokyo Stock Exchange will reopen Thursday.

A little over 2% decrease for Wall Street, more than 3% in Paris, Lisbon 4%, 5% to 6% or Madrid in Athens. Rumours of a potential appeal of Spain with the International Monetary Fund have caused major declines in Asian stock markets.
Around 6:40, Hong Kong lost 2.15% to 20,316.29 points, Shanghai, which was closed Monday and Tuesday gives 1.34% to 2979.08 points, Taiwan was down 2.85% at 7704.59 points, Sydney shows a decrease of 1.58% to 4662.40 points, abandons India 1.14% Singapore at 16,942.10 points and loose 1.43% to 2859.66 points. Only the Seoul Stock Exchange limit its losses: -0.11% to 3,614.08 points. The Tokyo Stock Exchange is closed and will reopen Thursday.
Bank stocks are among the most affected: Bank of China lost 1.47% and Industrial & Commercial Bank of China down 1.93%.

Oil prices sag:
Oil prices retreated Wednesday in electronic trading in Asia in a market plagued by problems of sovereign debt in Europe and marked by a strengthening of the dollar against other currencies. In morning trading, the price of light sweet crude for June delivery lost 31 cents to 82.43 dollars, while Brent North Sea due to identical, yielding 45 cents to 85.22 dollars.
Result of a strengthening dollar, BHP Billiton lost 1.2% and Fox Resources plunged 10.3%, to Sydney. In China, Aluminum Corporation of China was down 2.8% in Hong-Kong and 7.2% in Shanghai. Angan Steel drops 4.3% in Hong Kong.