The stock market today: Nikkei 225 and Hang Seng Index will be exposed to bearish trend

Hang Seng Index will not be able to start the rally as Nikkei 225 will remain in the green zone, most likely

In brief: The stock market today: Nikkei 225 and Hang Seng Index will continue to uncertain dynamics on the verge of decline.

The stock market remains volatile after a controversial U.S. trading. Trades in the stock exchanges in Asia will show the fall of quotations on the background of the outcome of trading in the U.S., disappointing macroeconomic data. Nikkei 225 and Hang Seng Index will fight for the green zone. Nikkei 225 has a greater chance of recovery than the Hang Seng index, which depends on the mood of industrialists.

Recall that trading in the U.S. on Tuesday ended in opposite changes of stock indexes. Effect on the market today has little economic data and corporate reports from the U.S. and Europe. Private research group Conference Board reported that consumer confidence index in the U.S. in July fell to 50.4 against 54.3 in June. The July value was the lowest since February 2010. Economists predicted that the consumer confidence index in July was 50.8. The index of consumer confidence in the U.S., calculated based on a poll conducted by ABC News, during the week 19-25 July fell by three points to -48. The index is only two points above its lowest level this year. The index fell a fourth consecutive week. According to the survey 90% of respondents indicated that the economy is in bad condition. In addition, 75% of respondents believe that now a bad time to spend money, while 57% reported that their financial situation is unfavorable. Bidding for the second largest in Asia, Tokyo Stock Exchange on Tuesday, July 27, divided by the dynamics on the background of quarterly reports, mixed macroeconomic data, as well as the strong yen. Pursuant to trading the main index Nikkei 225, reflecting the quotation 225 largest companies in the country, fell by 6.81 points (0.07%) and was 9 496.85 points. The index of the wide spectrum Topix gained 0.24 points, and reached a 846.12 item. At the close of trading the index Hang Seng index in Hong Kong Stock Exchange amounted to 20,973 points, an increase of 133 points or 0.64% compared with the previous trading session. Index of shares in public enterprises inland areas of China, listed on the Stock Exchange, was at the close of trading 11,931 item dropped by 56 points or 0.47% compared with the figure the previous trading day. The aggregate index of securities on the Shanghai Stock Exchange at the close of trading amounted to 2575.37 points, fell to 0.51% or 13.32 points compared with the previous trading session.

Igor Tringlers
2010-07-27 22:50, Economics.

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