Wednesday, February 8, 2017

Sentiment in Asian markets cool

Sentiment in Asian markets cool due to weak PMI in China

AT
Monday declined stock prices
virtually the entire Asia-Pacific
the region as investors evaluated data
difficulty of production
China sector (although the rate of decline and
slowed slightly in October). experts
Markets are waiting for the impact on the economy
will have recently adopted measures to
stimulation.


local
News also had their impact on the
Markets: Beijing is actively fighting against illegal
futures trading. On the weekend
there have been reports about the arrest of the head
one of China's largest private
investment companies - Zexi
Investment. Eventually
the two companies, whose large blocks
shares owned Zexi
- Ningbo Kangqiang Electronics and
Deluxe
Family - lost
maximum allowed for
one trading day by 10%.


shanghai Composite
decreased
1.7%. Declined stocks of leading companies,
whose shares are traded on the Shanghai
Exchange. For example, the price dropped by 1.1%
shares of the largest bank in the world by size
assets - ICBC.
Bank Of Communications lost
1.7%.


PetroChina
lost
2.4%.


Hang
Seng dropped
1.3%. On the Hong Kong index negatively
influenced action gaming industry: Galaxy
Entertainment and
Sands China lost
0.6% and 1.1% respectively capitalization.
These data followed after that,
as the weekend went on reducing data
revenue in Macau by 28.4% in October year on
expression. Yield gaming zone
Macau has been declining for the 17th consecutive month.


HSBC
from
listing in Hong Kong lost 1.1%.


Nikkei
decreased
2.1%. The Japanese index slipped below
19,000 mark and stood at
polutoranedelnoy minimum.


Problems
experience related businesses
Chinese partners close partnership
otngosheniyami. Problems with the Chinese PMI
these
companies is particularly acute.
Metallurgical Corporation Nippon
Steel and
Sumimoto Metal
lost
more than 5% each, Kobe
Steel dropped
6.5%. manufacturers construction
Komatsu machinery
and
hitachi Construction
lost
more than 1% each.


More
than 3% of the largest shares fell
Japanese banks such as Mitsubishi UFJ
Financial Group and Sumitomo Mitsui Financial Group.


negatively
impact on market sentiment and
corporate news. Among those who
We suffered from poor reporting
e.g., Kawasaki
Kisen Kaisha, collapsed
almost 9%. Sharp
It lost 3%.


Kospi
-
the only major Asian
indexes finished trading in positive territory (in
0.3%). This contributed to its
Heavyweight components. Samsung
Electronics and
hyundai Motors
added
0.8 and 1.6% respectively, and the manufacturer
electronic chips jumped by 4.7%.


S P / ASX
I lost
1.4%. Australian stock index fell
to its lowest level since October 14,
extending losses of up to six sessions in a row.
Sales developed in the financial
sector. Risk appetite
decreases also in anticipation of the political
RBA decision.


Westpac
lowered
quotation by 2.5%, even though the
reported a 3% increase in annual profits.
Commonwealth Bank of Australia lost 2.3%.


prices
gold, which at the beginning of the Asian
Bid decreased to a four-week
minimum down withdrawn quotes
gold mining companies in Australia.
Evolution Mining and
Kingsgate
Consolidated lost
4% each, Newcrrest
Mining declined
2.4%.



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