Asia: the quest for the fair value of shares and a fall in oil prices indices painted red

On Monday, June 8, most of the stock markets of Asian region has shown negative dynamics. Among investors' concerns regarding zakralis revalued the shares of many companies. Another adverse factor was the decline in oil prices. As a result, the leaders of the paper companies have been falling commodity and energy sectors.

Japanese index Nikkei 225 was able to conclude the session with a positive result despite the report of Ministry of Finance, which showed that the current account surplus fell in May, the third month in succession, to 630.5 billion yen. Support index has a weakening Japanese yen, which has brought in, plus shares of national exporters and manufacturers.

At the end of the trading index MSCI Asia Pacific fell 1% and closed at a level of 102.34 points. Japanese Nikkei 225 index increased by 1%, Hong Kong Hang Seng prosel to 2.28%, while South Korean Kospi fell by 0.10%. Australian market was closed today in honor of the holiday.

Shares Taiwanese company Feng Hsin Iron Steel, brought up last week to a maximum in the last 8-odd months, the value cheaper at 6.5% against the background of their revalued. Paper Taiwanese company providing financial services, Cathay Financial Holding lost a bid for 5%, once in the last week, earned 7.8% of market value.

Against a backdrop of reducing the price of black gold quotes the largest in China nefteproizvoditelya PetroChina dropped 2.1%, and the paper Cnooc, a leading China Maritime nefterazvedchika, reduced from 2.7% of its assets.

Due to the weakening Japanese yen shares of National Camera manufacturer Canon, receiving 28% of its revenue from sales in North and South America, went up by 3.4%, and the paper automakers Mazda Motor, of which 80% of production goes for export, were heavier at 6.1 %.

Komatsu, the second largest worldwide producer of earthmoving equipment, running at 6% bid, after analysts Morgan Stanley and Nomura Holdings upgraded its recommendation on the shares. Sam Japanese broker Nomura Holdings has also received increasing rate securities and, consequently, its shares have become expensive to 4.9%.

Quotations in South Korea's largest engineering company Samsung Engineering grew by 4.5% to 86 700 won after Mirae Asset Securities analysts forecast increased the cost of its shares to 91 000 won to 117 000 won.

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

Index Country Closing (items) Changeday (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 3,971.20 36.6 0.93% 3722.30 6.69%
All Ordinaries Australia 3,969.00 36.5 0.93% 3659.30 8.46%
Ho Chi Minh Vietnam 501.49 22.77 4.76% 315.62 58.89%
Hang Seng Hong Kong 18,253.39 -426.14 -2.28% 14387.48 26.87%
Hang Seng H-shares Hong Kong 10,667.88 -194.17 -1.79% 7891.80 35.18%
BSE 30 (Sensex) India 14,622.28 -481.27 -3.19% 9647.31 51.57%
Jakarta Composite Indonesia 2,056.65 — 22.28 -1.07% 1355.41 51.74%
Shanghai A-shares China 2,905.82 15.2 0.53% 1911.79 51.99%
CSI 300 China 2,948.48 9.17 0.31% 1817.72 62.21%
KLSE Composite Malaysia 1,072.85 -2.65 -0.25% 876.75 22.37%
NZSE 50 New Zealand 2,816.62 -17.89 -0.63% 2715.71 3.72%
Karachi 100 Pakistan 6,899.60 4.98 0.07% 5865.01 17.64%
Straits Times Singapore 2,333.70 -62.65 -2.61% 1761.56 32.48 %
Bangkok SET Thailand 430.29 — 3.82 -0.88% 449.96 -4.37%
TAIEX Taiwan 6,628.02 -228.72 -3.34% 4591.22 44.36%
PSEi Philippines 2,517.73 -10.95 -0.43% 1872.85 34.43%
Colombo All-Shares Sri Lanka 2,200.47 22.36 1.03% 1503.02 46.40%
KOSPI South Korea 1,393.30 -1.41 -0.10% 1124.47 23.91%
Nikkei 225 Japan 9,865.63 97.62 1.00% 8859.56 11.36%
Topix Japan 926.89 10.33 1.13% 859.24 7.87%


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