Asia: growing in China and fall on it the same …
Feb 16th, 2010 | By admin | Category: Reviews and ideasÂÂ
Friday, 22 January, stock markets in Asia are deeply sunk under pressure from concerns relating to the monetary policy of China, as well as under the influence of news about Obama"s plan1000to impose restrictions on the activities of major banks. Yesterday"s drop in the U.S. market did not allow bulls likely to reverse the trend. Although concern about China and its potential "bubble" has existed for a long time, the market is only now used this occasion for a massive profit-taking.
As a result of trades Japanese Nikkei 225 index lost 2.56%, Chinese CSI 300 lost 1.2%, while South Korea"s Kospi fell 2.19%. Regional indicator MSCI Asia Pacific remained without 1,4%. The plus closed market of Sri Lanka, with an increase in traded and Pakistani index. It is worth noting that the most negative dynamics of bidding took place in countries whose main foreign trade partner is China, ie Taiwan and South Korea. In the currency market, the yen rose to one-month high against the dollar.
The collapse of prices for industrial metals, including copper and zinc, has provoked similar dynamics in the commodities sector. Shares of the Japanese company Mitsubishi, earns selling Commodities, fell 4.5%. At the auctions in China, Jiangxi Copper shares lost 2.5%. Paper Aluminum Corp. of China retreated to 1.8% after Goldman Sachs analysts recommended "sell." Goldman Sachs, like many other analysts, say the dangers of inflation for the economy of China.
Major exporters in China also retreated, in particular, the South Korean Samsung Electronics lost 2,9%.
Strengthening yen crippled shares of Japanese exporters - the leading automaker Toyota has left in a minus on 3,2%, while Honda has lost 2,4%.
Among the small areas of growth in the Japanese market was marked by an insurer Fuji Fire Marine Insurance - shares rose in price by 3,1% against the background of what the company announced plans to sell shares worth 13.5 billion yen a subsidiary of AIG.
The Indian market again "precipitated" the reason all the same - rapid increase in food prices, which for a country with huge population and the extremely low level of life is a greater threat.
At the auctions in Singapore increased distinguished budget carrier Tiger Airways, who today was the first day of trading. Stock Tiger Airways, partly owned by Singapore Airlines, went up by 5,3%. During the IPO the company managed to raise $ 166 million
| Index | Country | Closing (items) | Delta day (items) | Change day (%) | value at beginning of year (the last closing in 2009) | Change YTD |
|---|---|---|---|---|---|---|
| SP /ASX 200 | Australia | 4,750.61 | -- 76.55 | -1.59% | 4870.64 | -2.46% |
| All Ordinaries | Australia | 4,771.90 | -77.65 | -1.6% | 10004882.71 | -2.27% |
| Ho Chi Minh | Vietnam | 477.59 | -0.83 | -0.17% | 494.77 | -3.47% |
| Hang Seng | Hong Kong | 20,726.18 | -136.49 | -0.65% | 21872.5 | -5.24% |
| Hang Seng H-shares | Hong Kong | 11,975.65 | 17.82 | 0.15% | 12794.13 | -6.40% |
| BSE 30 (Sensex) | India | 16,859.68 | -191.46 | -1.12% | 17464.81 | -3.46% |
| Jakarta Composite | Indonesia | 2,610.34 | -28.04 | -1.06% | 2534.36 | 3.00% |
| Shanghai A-shares | China | 3,280.60 | -31.56 | -0.95% | 3437.46 | -4.56% |
| CSI 300 | China | 3,366.20 | -42.38 | -1.24% | 3575.68 | -5.86% |
| KLSE Composite | Malaysia | 1,300.45 | -7.91 | -0.6% | 1272.78 | 2.17% |
| NZSE 50 | New Zealand | -34.86 | -1.081% | 3230.15 | -1.23% | |
| Karachi 100 | Pakistan | 9,774.07 | 20.23 | 0.21% | 9386.92 | 4.12% |
| Straits Times | Singapore | 2,819.71 | -31.27 | -1.1% | 2897.62 | -2.69% |
| Bangkok SET | Thailand | 714.1 | -4.89 | -0.68% | 520.69 | 37.14% |
| TAIEX | Taiwan | 7,927.31 | -200.56 | -2.47% | 8188.11 | -3.19% |
| PSEi | Philippines | 2,553.96 | -62.11 | -2.01% | 3052.68 | -16.34% |
| Colombo All-Shares | Sri Lanka | 3,531.73 | 12.02 | 0.34% | 3385.55 | 4.32% |
| KOSPI | South Korea | 1,684.35 | -37.66 | -2.19% | 1682.77 | 0.09% |
| Nikkei 225 | Japan | 10,590.55 | -277.86 | -2.56% | 10546.44 | 0.42% |
| Topix | Japan | 940.94 | -15.09 | -1.58% | 907.59 | 3.67% |
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