Chinese indexes jumped with 10% in July
July brought increases in all markets in the Asian and Pacific region, which offset part of their losses incurred during the previous two months. But stock markets were volatile in anticipation of clearer signs for the development of world economy in the second half of the year, after economic data deteriorated in recent weeks, most of these United States. With the strong growth to identify the stock exchange in Shanghai, where the main Shanghai Composite Index jumped nearly 10 percent in July, while the index of the largest and most frequently traded companies CSI 300 rose by 12%. The reason for this has hopes that the Chinese government will postpone or delay the measures to limit bank lending and speculation of the real estate market in the country. Most of last month have increased notably shares of Chinese companies in the sector of real estate. Their lead from the beginning of this month amounted to 16 percent, which ranks them first among the five industry groups represented in the Shanghai Composite. Shanghai Composite jump of 10% in July by the largest since July last year. During the previous three months, it decreased by between 8% and 10% and became the most loser stock measure in the world this year with a loss of 20%. In the middle of the month it became clear that the Chinese economy has slowed its pace of growth to 10.3 percent in the second quarter from 11.9 percent in the first.
Isan stock exchange ranked second in growth for this month, after the main Thai index has advanced by over 7%. With the major indexes increases between 4% and 6% months ended exchanges in Australia, Taiwan, South Korea, Indonesia, Singapore and Hong Kong. Data for South Korea at the beginning of the week showed that its economy has reduced the growth rate to 1.5 percent in the second quarter. Today this month last trading session brought the loss of most indexes in the region for news of increasing unemployment in Japan, which is accompanied by a decline in the industrial sector. The exchange in Tokyo the Nikkei 225 fell the most with 1.6% to 9 537.30 points because of the soaring unemployment rate to its highest level since February. Nikkei 225 has made the worst index in the region for the past month with a growth of 1.7 percent on a monthly basis. In Australia the S & P / ASX 200 lost 0.7 percent to 4 493.50 points at the end of today’s trading session, reducing the monthly increase slightly to 4,5 per cent. The South Korean Kospi also fell by 0,7% to 759.3 points and a monthly limit lead to 3,6 per cent. Taiwan Taiex months ended increase of nearly 6 percent, while Hong Kong’s Hang Seng rose 4.4 percent on a monthly basis, ending months at 20 989.26 points. The regional MSCI Asia Pacific Index fell for the first time in the last six sessions today and lost 0.5 percent to 119.15 points. His lead this week amounted to 1.4 percent, and last month it was up 5.6 percent. This is its strongest monthly performance since March, when the index rose 6.3 percent on a monthly basis. MSCI Asia Pacific include nearly 1000 companies from ten Asian markets, Australia and New Zealand.
Tags: China, China index, Composite Index, index, July