Asian Stocks Fall on Negative U.S. Outlook (TXN, CEO, TM, CQQQ, EWV)

Most stock markets across Asia fell during Tuesday trading, a day after credit rating agency Standard & Poor's lowered its outlook on United States government debt down to Negative from the previous outlook of Stable. Oil and other commodity stocks were among the biggest decliners across Asia because of fears of a global economic slowdown that were raised by the Standard & Poor's negative outlook for U.S debt. Many Asian technology firms also saw their share prices dropping on news from Texas Instruments Inc. TXN that the impact from the earthquake and tsunami that devastated Japan last month and "substantially weaker demand for Wireless baseband chips" had a negative affect on the company's revenue and earnings. The negative news caused most of the indexes of Asian stocks to fall significantly during the Tuesday trading session. The SSE Composite Index of Chinese stocks dropped 57.25 points, or 1.87%, to 3,000.08. The Hang Seng Index of Hong Kong traded stocks was down 309.69 points, or 1.30%, to 23,520.62. The Nikkei 225 index of Japanese stocks fell 115.62 points, or 1.21%, to 9,441.03. The Taiwan Capitalization Weighted Stock Index, or the TSEC weighted index, ended trading down 75.93 points, or 0.87%, at 8,638.55. The Korea Composite Stock Price Index, or the KOSPI, finished the trading day down 15.04 points, or 0.70%, at 2,122.68. There are numerous investment options to consider, depending on where investors feel the markets are headed. CNOOC Ltd. CEO is a Chinese oil and natural gas company that could see its share price rise due to continued strong demand for energy resources in China. Shares of Japanese auto manufacturer Toyota Motor Corporation TM could climb higher when the Japanese economy shows signs of a sustained recovery. The Guggenheim China Technology ETF CQQQ could see its stock price move higher if the negative earnings report from Texas Instruments Inc was only a short term setback for the tech industry. The ProShares UltraShort MSCI Japan EWV could move higher if the negative news from Texas Instruments and Standard & Poor's points to long-term weakness in the tech industry and the global economy.