BUSINESS Deteriorating Global and Asia Shares

Stocks in the Asian market tends to weaken in early dealings Tuesday, September 25, 2012, after sentiment data showed German business confidence fell in September. n addition, the weaker earnings forecasts from Caterpillar Inc., overshadowing worries about slowing global growth. 

Uncertainty about the prospects bailout (bailout) for Greece and Spain, the two countries is quite risky for three-year euro zone debt crisis, spurred investor doubts. The MSCI index of Asia Pacific shares outside Japan fell 0.1 percent. Meanwhile, Australia's stock index also fell 0.2 percent, and in South Korea fell 0.3 percent. Meanwhile, the Nikkei index at the Tokyo Stock Exchange opened down 0.4 percent, or touching the lowest level of the last week. "Data Germany was the latest signal from the global slowdown and the possibility to drag the stock market," said Toshiyuki Kanayama, senior market analyst at Monex, quoted by Reuters. German business sentiment index fell to a five consecutive month in September. Conditions that showed the economy in Europe is moving closer toward a recession, as the euro zone debt crisis remains unresolved. The decline was led to the lowest level since early 2010. Component outlook also touched its worst level since May 2009. "This suggests that the prospect of slowing growth and spread to the European Union," wrote Barclays Capital report. Meanwhile, in the U.S. market, the average shares ended lower, after Caterpillar, a manufacturer of heavy equipment, cut its forecast 2015 earnings. 

The weak data on Germany also raised concerns that global growth will remain slow. A few minutes before closing, Caterpillar cut its earnings forecast for 2015, as the weakening global economy. Caterpillar shares fell 0.9 percent to U.S. $ 90.87 and hinder the movement of the Dow Jones index. At the end of the transaction, Caterpillar shares fell 2.1 percent to U.S. $ 88.99. Concerns about the global economy are also reflected in the energy and technology stocks. Energy stock index S & P down 0.5 percent, while the S & P in the technology sector fell 0.8 percent. However, the S & P 500 is on track for a 7.6 percent increase in the quarterly period. Analysts said investors may now participate in "window dressing," in which the fund manager added some new outperformers stock to their portfolio. 

 The Dow Jones fell 20.55 points, or 0.15 percent, at 13,558.92. Meanwhile, Standard & Poor's 500 index fell 3.26 points, or 0.22 percent, to 1456.89. The Nasdaq Composite Index fell 19.18 points, or 0.60 percent, to 3160.78. Like the Dow Jones, Nasdaq also dragged down shares of Apple Inc. decreased 1.3 percent to U.S. $ 690.79. Concerns emerged that the company can not produce new phones quickly enough to meet demand.