Asia: it was a pretext, and the pessimism at all enough

 

On Monday, August 17, the major stock indices of the Asia-Pacific region closed in negative territory, has lost its former position. Inspiration, prevailing at the end of the previous two sessions, was undermined by fears that economic growth in Japan and China will fall short of expectations. In addition, the Friday trading in the United States painted American indexes in red, which also affected the strengthening of pessimistic sentiment in Asia.

Data on Japan's GDP for the first time in 5 quarters reflected a positive trend, however, raised doubts regarding the sustainability of signs of economic recovery. GDP grew during the three months to end June 30, at 0.9% for /k, while analysts predicted growth rate by 1%.

Foreign direct investment in China dropped in July, the tenth month in succession, and made $ 5.36 billion, which is 35.7% lower than last year.

At the end of the trading index MSCI Asia Pacific fell by 3.3% and closed at the mark of 110.47 points, a maximum of 30 March, the fall rate. Japanese Nikkei 225 index fell by 3.1%, Hong Kong Hang Seng prosel to 3.62%, and the Chinese CSI 300 left in the minus on 6,11%. Tenders in Indonesia were not in honor of Independence Day.

Against the background of published statistics on the GDP of Japan and the preliminary index of consumer confidence, University of Michigan, United States, shares of the Japanese manufacturer of gaming consoles PlayStation 3, the company Sony, weakened to 4.1%, and quotes automakers Nissan Motor and Honda Motor fell by 3.4% and 3.9%, respectively.

Papers in the second-largest Chinese insurer Ping An Insurance have become easier to 6.2% after it reported lower profit expectations. An additional factor was the statement of the Chinese Government that the flow of foreign direct investment fell tenth month in succession.

The world's largest manufacturer of portable game consoles Nintendo lost bids for 2.6% of the market capitalization against the backdrop of lower investment rating of the securities analysts Credit Suisse Group. Analysts believe that sales of Wii will most likely worse than the preliminary forecasts.

Shares BlueScope Steel, Australia's largest steel company, have closed in the red by 7% after it reported losses of $ 393 million

Quotations in Australia's largest construction company Leighton Holdings jumped to 6.3% by raising the rating on its shares by analysts Merrill Lynch Co.

Due to the reduction of the cost of paper value of metal mining companies BHP Billiton and Rio Tinto Group retreated by 3% and 4.8% respectively.

The values of major indices at the closing are shown in the table:

Index Country Closing (items) Change day (items) Changing the day (%) Value at beginning of year (the last closing in 2008) Change from the beginning of the year
SP /ASX 200 Australia 4,388.40 — 72.60 -1.63% 3722.30 17.89%
All Ordinaries Australia 4,398.10 -67.00 -1.5% 3659.30 20.19%
Ho Chi Minh Vietnam 500.08 -6.91 -1.36% 315.62 58.44%
Hang Seng Hong Kong 20,137.65 -755.68 -3.62% 14387.48 39.97%
Hang Seng H-shares Hong Kong 11,395.01 -504.79 -4.24% 7891.80 44.39%
BSE 30 (Sensex) India 14,784.92 -626.71 -4.07% 9647.31 53.25%
Jakarta Composite Indonesia 2,386.87 -9.63 -0.4% 1355.41 76.10%
Shanghai A-shares China 3,013.14 -184.97 -5.78% 1911.79 57.61%
CSI 300 China 3,140.27 -204.19 -6.11% 1817.72 72.76%
KLSE Composite Malaysia 1,169.05 -19.52 -1.64% 876.75 33.34%
NZSE 50 New Zealand 3,086.09 -65.17 -2.07% 2715.71 13.64%
Karachi 100 Pakistan 7,932.55 -78.76 -0.98% 5865.01 35.25%
Straits Times Singapore 2,545.98 -85.53 -3.25% 1761.56 44.53%
Bangkok SET Thailand 454.90 -18.41 -3.89% 449.96 1.10%
TAIEX Taiwan 6,931.80 -137.71 -1.95% 4591.22 50.98%
PSEi Philippines 2,771.18 -78.83 -2.77% 1872.85 47.97%
Colombo All-Shares Sri Lanka 2,500.46 -0.73 -0.03% 1503.02 66.36 %
KOSPI South Korea 1,547.06 — 44.35 -2.79% 1124.47 37.58%
Nikkei 225 Japan 10,268.61 -328.72 -3.1% 8859.56 15.90%
Topix Japan 949.59 -23.98 -2.46% 859.24 10.52%


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