U.S. stocks collapse: Dow Jones Industrial turns red rapidly

Asia presents a portion of the negative for the Dow Jones Industrial Average today

In brief: Dow Jones Industrial Average continues to look back at trading in Asia and the news from China. The Japanese stock market will not provide the Dow index of expectations.

Dow Jones Industrial Average will continue the negative trend today. Bear investor sentiment does not go with the U.S. stock market due to poor economic statistics and the fall of Asian markets. Dow Jones Industrial begin bargaining with the mark of 10,442.41 points. During yesterday’s Dow index dropped to -8.23 points or -0.08%. So, what happened in Asia? Most Asian indices took a negative, except for China. Markets, after nearly a 10-day rally locally overheated today.

In addition, the ECB has raised doubts about the financial condition of some banks, and credit rating agency Standard & Poor’s has reported growing losses on loans from Spanish banks. China revalued the yuan wins back. After a lot of “Chinese ceremonies, authorities have decided to allow gradual appreciation of the currency. Short-term “losses” in the exports will be offset in the long term – a strong yuan will strengthen the purchasing power of money and help contain inflation. Because the yield curve of U.S. Treasuries hardly moved since yesterday, we can assume that the “flight to safety” has not started, and this reduction markets – only a pause. Traders are waiting for news from the U.S. Federal Reserve meeting and the G20 meeting in Toronto June 26-27. Australian and Japanese indexes showed the greatest decrease. Australian index, S & P / ASX 200 retreated 1.18% to 4,558.30 points level, as the Japanese Nikkei 225 – on 1,22% to a mark of 10,112.89 points. Markets in India and South Korea were closed in a moderate minus an average of 0,5%. The Chinese telecommunications company Tencent Holdings fallen by 4,7% on the requirements of the authorities to reorganize the structure of shareholders because of the new law on online payments. Beijing will impose restrictions on companies that provide services online payments, if authorized capital includes foreign investment. In Japanese markets better than the market looked the financial sector. In a falling market and Fukuoka Chuo Mitsui added to 3,71% and 2,67% respectively.

Igor Tringlers
2010-06-22 14:35, Economics.

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