Source Pravda.Ru

Hong Kong stocks skid influenced by US economy

By Margarita Snegireva. Hong Kong stocks skidded on heavy selling during a shortened session ahead of the Lunar New Year holidays on declines in HSBC Holdings and China Life, while Japanese stocks plunged on financials such as Mitsui Sumitomo Insurance and shipping forms such as Mitsui O.S.K. Lines.

Australian shares were dragged lower by mining giant BHP Billiton after it made a sweetened stock offer for rival Rio Tinto and proposed a $30 billion buyback offer.

Stock markets in South Korea, China, Taiwan and Vietnam are closed Wednesday through Friday for Lunar New Year holidays, while Hong Kong , Singaporean, Malaysian and Indonesian markets are closed Thursday and Friday.

Analysts said an unexpected contraction in the U.S. service sector announced by the Institute for Supply Management Tuesday renewed worries that the U.S. economy is entering a recession.

"The Hong Kong market is affected by the recession and financial crisis in the U.S. and Europe . The bear market will continue for a period until it reaches the bottom," said Francis Lun, a general manager at Fulbright Securities Ltd.

Russian Foreign Minister Sergei Lavrov said at a briefing in Beijing that the question about the shipment of S-300 anti-aircraft missile systems to Syria had not been resolved yet. However, Syrian Ambassador to Russia Riyad Haddad said that S-300 missile systems had been delivered to Syria last month

Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria

Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems

Israel vows to destroy Russia's S-300 in Syria in case of danger

Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems

Israel vows to destroy Russia's S-300 in Syria in case of danger
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