Asian markets push lower
Asian and Pacific stock markets pushed lower Monday after having the weekend to digest Friday's passage of a $700 billion bank bailout plan in the United States, reported CNN.
``The market may open lower tracking weak Asian stocks. Asian stocks dropped after Japan`s machinery orders unexpectedly fell in October, and ahead of a European summit on the region`s sovereign debt crisis. US stocks rose, sending the Dow Jones Industrial Average to the highest level since October, amid optimism that European leaders will announce greater efforts to halt the debt crisis at a summit this week. Treasuries gained, commodities fell and the euro fluctuated. Back home, the government will announce the weekly food inflation numbers around noon,`` said SMC Global Research.