Asian stocks getting low in rates

Chine has been asked to raise the interest rates to balance the drop in economy due to the falling prices of shares like Sony, Japan’s Nikon Corp (the company making cameras), Fast Retailing Co.(clothing retailer), Morgan Stanley Capital International Asia Pacific and China’s developer Banks that dropped on October 12 in the stock exchange.

China has been suggested to raise the rates to counter the falls in stock rates but this will result in the slowing down of the economy of the region itself. Even Japan’s Nikkei 225 Stock Average got down in the process. Indonesia and the Philippines exchange are closed for holidays in the week.