Asia stock finished trading in

Asia stock finished trading in the red zone

Stock indices in Hong Kong, China and Australia declined on the basis of trading following the collapse of commodity prices, writes MarketWatch.

Hong Kong Hang Seng lost after trades 0.8%, Chinese Shanghai Composite - 0,8%, Australian S P / ASX 200 - 0.7%.

Markets in Japan and South Korea are closed for a holiday (Children's Day).

Metal prices continued their decline on Friday, after a significant reduction in the day before on fears that the Chinese authorities adopted measures to curb speculation in the market, as well as tighter restrictions on the debt market will help reduce the demand for raw materials.

Against this backdrop, shares of BHP Billiton fell by 2,7%, Fortescue - by 3%, Rio Tinto - 2%.

It became aware of the new measures the Chinese authorities to limit borrowing volumes. Several government departments have promised to tighten control over the project, in which regional governments are investing the borrowed funds.

"The tightening of regulatory control Chinese financial markets contributes to the elimination of positions by investors in a number of asset classes in China"- said a trader Forsyth Barr Asia Bill Bowler.

A sharp drop in oil prices pushed down the share prices of oil companies: paper Australian Santos and Woodside Petroleum fell by 3% and 2.7%, China's PetroChina, Cnooc and Sinopec - by 2.4%, 1.1% and 2.8% .

"We see a very serious concern about oversupply of oil"- said the managing director of Haitong International Securities in Hong Kong Endryu Sallivan.

Experts point out the risk that the reduction in consumption of oil and energy points to weak demand and jeopardize global economic recovery.

Meanwhile, the value of shares of Macquarie jumped by 3.2% due to a stronger than expected, reports the Australian banking group over the past fingod.

Reserve Bank of Australia (RBA) on Friday said the growing confidence that inflation in the country will accelerate. The RBA's quarterly review praised the prospects of the global economy, noting the decline in unemployment in the United States and Germany, as well as maintaining the momentum for growth in China.

RBA experts believe that the period of reduced investment in the mining industry in Australia, which limited the economic growth of the country in the last five years, is nearing completion.

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