Asia: 12-day rally stopped, the markets entered pessimism

 

On Wednesday, 29 July, the stock markets of the Asia-Pacific region for the first time in 12 days have shown negative dynamics against a background of falling commodity prices and the strengthening yen. In addition, published accounts of companies disappointed analysts and created fears that the value of the shares as a result of a prolonged rally in the markets has become unreasonably high. Added fuel to the fire, and macro-economic statistics of Japan. Thus, the Ministry of Commerce reported that retail sales fell in June by 3% y /y, while the expected 2.5% decline for this indicator.

outsiders bidding started shares of oil and mining companies and steel enterprises favorites paper.

MSCI Asia Pacific Index lost 1% and closed at 109.38 points. Japanese Nikkei 225 index closed in the black at 0.26%, Hong Kong Hang Seng declined by 2.37% and Australia SP /ASX 200 fell by 0,64%.

Shares in China's largest copper producer Jiangxi Copper fell by 9% on the basis of the trading in Shanghai on a background of declining prices for metals. In addition, increased the pressure on the quotes disappointing outlook on the company's profits in the first half, which should be reduced by 57% - 64% y /y.

papers in China's largest oil company China Petroleum Chemical cheaper by 5% at the auction in Hong Kong after the Chinese government has lowered the price of fuel, at least at 3,3%.

Quotations in Japan's largest manufacturer of parts for the bike Shimano decreased by 4.4% due to the fact that the company's profit in the first half fell to 48%.

Shares of the world's largest operator of dry China Cosco Holdings finished the day in the red at 6.7% in the tender in Hong Kong after the emergence of the information that the company is likely to complete the first half of a loss.

Papers in South Korea's largest structural steel producer Hyundai Steel added 4.9% due to the fact that the profits of the company against the backdrop of the strengthening won and reduce costs exceeded analysts' expectations.

Shares in Japan's largest electronics manufacturer Hitachi rose by 5.1% after the recommendation of securities companies had been raised by analysts JPMorgan Chase Co to buy.

Papers construction company China State Construction Engineering soared as much as 56% on the first trading day in Shanghai after the world's biggest current-year IPO.

Quotations

BBMG jumped by 56% after the Chinese supplier of cement held the second highest in Hong Kong initial public offering of shares.

the main index at the closing are shown in the table:

Index Country Closing (items) Change day (items) Changing the day (%) Change from the beginning of the year
SP /ASX 200 Australia 4142.80 -26.7 -0.64% 11.30%
All Ordinaries Australia 4148.90 -25.1 -0.60% 13.38%
Ho Chi Minh Vietnam 458.04 -4.94 -1.07% 45.12%
Hang Seng Hong Kong 20135.50 -489.04 -2.37% 39.95%
Hang Seng H-shares Hong Kong 11991.37 -433.21 -3.49% 51.95%
BSE 30 (Sensex) India 15173.46 — 158.48 -1.03% 57.28%
Jakarta Composite Indonesia 2225.81 -11.29 -0.50 % 64.22%
Shanghai A-shares China 3428.93 -180.69 -5.01% 79.36%
CSI 300 China 3558.51 -197.31 -5.25% 95.77%
FTSE Bursa Malaysia KLCI Malaysia 1164.48 -7.9 -0.67 % 32.82%
NZSE 50 New Zealand 2990.47 -28 -0.93% 10.12 %
Karachi 100 Pakistan 7536.98 — 137.79 -1.80% 28.51%
Straits Times Singapore 2604.06 -19.98 -0.76 % 47.83%
Bangkok SET Thailand 442.27 -6.31 -1.41% -1.71%
TAIEX Taiwan 7083.63 -59 -0.83% 54.29%
PSEi Philippines 2803.39 34.63 1.25% 49.69%
Colombo All-Shares Sri Lanka 2510.01 -10.1 -0.40% 67.00%
KOSPI South Korea 1524.32 -1.71 -0.11% 35.56%
Nikkei 225 Japan 10113.24 25.98 0.26% 14.15%
Topix Japan 930.36 0.23 0.02% 8.28%


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