Monday, July 11, 2011

Asian Shares Fall; Carbon Tax Plan Hurts Sydney Market - Wall Street Journal

-- Resource stocks fall in Sydney on the Australian government's carbon tax plan

-- The Shanghai Composite consolidates after China's June inflation data

-- The euro falls on weak U.S. jobs report and fears of euro-zone debt contagion

(Adds information, quotes, updates/adds market levels)

By Shri Navaratnam and Ga-Woon Philip Vahn

Of DOW JONES NEWSWIRES

SINGAPORE (Dow Jones)--Asian stock markets were lower Monday with Australian shares falling on concerns over a carbon tax plan, while the Shanghai market consolidated in a narrow range as investors digested the latest inflation data.

Japan's Nikkei Stock Average was down 0.6%, Australia's S&P/ASX 200 ...


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