(29 Dec 2011) SHOTLIST
1. Various of Hong Kong Stock Exchange trading floor
2. Mid of index prices on electronic board
3. SOUNDBITE (English) Francis Lun, Managing director of Lyncean Holdings in Hong Kong:
"It was discovered that the European Banks borrowed the almost half a (t) trillion euros from the European Central bank, and they did not use the money for their business activities and they actually deposited their money back to the Central Bank, so actually defeating the purpose of the LTRO (Long Term Refinancing Operation) operation which means the liquidity crisis among the European banks is still unsolved. So investors are disappointed at the development."
4. Pan of trading floor
5. SOUNDBITE (English) Francis Lun, Managing director of Lyncean Holdings in Hong Kong:
"Europe still has not found an answer on how to solve its sovereign debt crisis, there's no solution, and they are trying cosmetic measures which really do not address the problem."
Seoul, South Korea
6. Monitors showing KOSPI point in the KRX (Korea Exchange)
7. Close of KOSPI point on stock board
8. Various of index prices on electronic board
9. Close of graph showing KOSPI changes
10. Close of monitor
11. Index price on ticker
12. Various of stock board
13. Exterior of a local securities company with monitors showing stock market index
14. Close of index point
15. Close of main index number
16. Various of monitor showing index points
17. Close of stock ticker running inside the office building
Asian stock markets were mostly lower on Thursday amid new signs of pressure on Europe's banking system and a downturn on Wall Street.
Hong Kong's Hang Seng Index was 0.9 percent lower at 18,349.90.
Overall, stock markets were quieter than normal as many traders go on vacation the week between Christmas and New Year's.
Investor sentiment waned hours after the European Central Bank said banks had parked 590.72 (b) billion US dollars with it overnight, surpassing the record set only on Monday.
That means European banks were less willing to take the risk of making short-term loans to each other, opting instead to earn low interest rates from the ECB, with money lent by the central bank itself.
Francis Lun, managing director of Lyncean Holdings in Hong Kong, said the action on the part of the banks "defeated the purpose" of the ECB lending operation, which was to spur business activity.
"Investors are disappointed at the development,� Lun said.
"Europe still has not found an answer on how to solve its sovereign debt crisis. There's no solution, and they are trying cosmetic measures, which really do not address the problem," he said.
Elsewhere in the Asia, South Korea's KOSPI reversed earlier losses and gained 0.1 percent to 1,827.17.
Benchmarks in Taiwan also rose after a lower opening.
Shares in mainland China and Malaysia were also higher.
Japan's Nikkei 225 index fell 0.7 percent to 8,367.73 and Australia's S&P ASX 200 fell 0.6 percent to 4,064.20.
Benchmarks in India and Indonesia were also lower.
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