CSI 300 is the last Asian Mohican

CSI 300 broke out of the total mass of losers

In brief: China was stronger than other Asian characters. Japanese stock market began to weaken every day.

All the major Asian stock indexes finished trading on the “red area”. According to investors, coming to the fore in the last few days inconsistency of the participating countries the euro area may prevent their governments more closely to tackle the debt problems. Released yesterday, the negative statistics on the U.S. labor market has increased concerns about the slow recovery of world economy. Only Chinese investors have come to see the events for themselves in a favorable light.

As a result of regional trading indicator MSCI Asia Pacific abated from its asset 1,3% and closed at 111.97 points. Japan’s Nikkei 225 fell 2.45%, the Australian S & P / ASX 200 weakened by 0.26%, while the Chinese CSI 300 index has shown an increase of 1.57%. The Stock Exchanges in South Korea, Hong Kong and Thailand trades were not conducted. Quotations companies, substantial part of the proceeds of which are in European and American markets reacted negatively to the unfavorable situation in the euro area, as well as statistics on the U.S.. Thus, the Japanese carmakers Honda and Toyota Motor have been taken down from its asset 2,5% and 1,9% respectively. Shares manufacturer of digital cameras Canon “thinner” at 2,6%. Falling prices of Commodities affected the drop in market capitalization of the representatives of the commodity sector. The papers of the third-largest mining company Rio Tinto Group lost 0.7% of the cost, quotes, gold Newcrest Mining fell by 2,9%, Chinese oil PetroChina shortened from its asset 0,3%. Market capitalization of the Australian company Sonic Healthcare Sector Health fallen by 20% after representatives said that annual profit would fall to A $ 290 million – A $ 295 million due to reduced government subsidies. Thus, the company forecast was lower than analysts’ expectations by 11%, resulting in a lowering of the rating of its securities economists JPMorgan Chase & Co. and Morgan Stanley.

Credit Suisse analyst downgraded shares of Japanese manufacturers of glass with a “better market” to “at market”, thereby quotes Nippon Electric Glass fell 3.9%, while paper Asahi Glass began to “easier” to 2,4%. The only market, whose index could be in the “green zone”, was Chinese. Investors believe that the debt crisis in the euro area and slowed the recovery of the U.S. economy will affect the Government’s decision Celestial of the postponement of higher interest rates at a later date. The market capitalization of construction companies in China Vanke and Poly Real Estate Group has increased by 4,1% and 6%, respectively, shares of steelmaker Baoshan Iron & Steel advanced by 3.1%.

Ukrainian Globalist
2010-05-21 22:07, Economics.

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