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Asian markets down on European discord

 Asian markets down on European discord

HONG KONG: Asian markets mostly fell on Friday as a meeting between the eurozone’s three biggest economies highlighted their differences on finding a solution to the region’s debt crisis.

Traders remained nervous at the end of a week that saw fears over Europe deepen as the yields on Italian and Spanish bonds sat dangerously high and even Germany — the bloc’s pillar — failed to sell all its bonds at auction.

Tokyo was flat, edging down 5.17 points to end at 8,160.01, while Sydney shed 1.48 percent, or 59.90 points, to end at 3,984.3 and Seoul closed 1.04 percent, or 18.66 points, lower at 1,776.40.

Shanghai was 0.60 percent off and Hong Kong fell 1.21 percent in the afternoon.

The leaders of Germany, France and Italy on Thursday met to discuss plans to address the two-year-old debt crisis in a bid to sooth markets, which have been hammered over fears of a collapse of the eurozone and another global downturn. (AFP)

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Japan developing cyber weapon: report

TOKYO: Japan has been developing a virus that could track down the source of a cyber attack and neutralise its programme, the daily Yomiuri Shimbun reported Sunday.

The weapon is the culmination of a 179 million yen ($2.3 million) three-year project entrusted by the government to technology maker Fujitsu Ltd to develop a virus and equipment to monitor and analyse attacks, the daily said.

The United States and China are reported to have put so-called cyber weapons into practical use, Yomiuri said.
Japan will have to make legal amendments to use a cyber weapon as it could violate the country’s law against the manufacture of a computer virus, the daily said.
In November a computer system run by about 200 Japanese local governments was struck.
In October, Japan’s parliament came under cyber attack, apparently from the same emails linked to a China-based server that have already hit several lawmakers’ computers.

It was also reported that Japanese computers at embassies and consulates in nine countries were infected with viruses in the summer.

Currently, the virus is being tested in a “closed environment” to examine its applicable patterns. (AFP)

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