Worsening outlook for the global economy brought decreases in almost all stock indexes in Asia and Pacific region in August, while the yen fell against the price of dollars for the fourth consecutive month. The main Japanese stock measure of the Nikkei 225 ended the last session this month with a sharp decline from 3.6% to 8 824.06 points and the loser became the index in the region in August. Its value has fallen by 7.5 percent since July, after the strong appreciation of the yen, further darkened the outlook for the Japanese economy. In this month showed that gross domestic product rose only slightly to 0.4 percent on an annual basis aligned to the base in the second quarter. The Nikkei 225 fell by over 16% since the beginning of this year and catching up in this respect the Chinese Shanghai Composite, which fell by 19% during the first eight months of the year. Shanghai Composite was one of the losers in the index in the world this year because of the expected withdrawal of the Chinese government incentives for the economy. Unlike last August, however, who was one of the worst in the history of the month Chinese stock markets, this proved to be neutral. Shanghai Composite lost 0.5% to 2 638.80 points in today’s session and stood near the levels at the end of July. However, the Nikkei 225 fell to its lowest value for the last 16 months.
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Most Asian stock indexes began the new week with decreases because of speculation that the recovery of the global economy remains stuck, causing problems for export-oriented companies. The regional MSCI Asia Pacific Index retreated minimum to 118 points. In general bearish sentiments were particularly strong, and many of the markets decreases were minimal. The ratio of winners / losers for companies in the index was 3:2. The exchange in Tokyo the Nikkei 225 retreated by 0.7 per cent to 9117 points. With a major contribution to falls were companies exporting to the U.S.. Analysts say that the reason why expectations for disappointing data on gross domestic product of U.S., to be published on Friday. With the fall session and completed in Hong Kong where the Hang Seng fell 0.44 percent to 20,889 points. China’s main index CSI 300 fail to hold the increase, which moved throughout the session and ultimately ended with 0.07 per cent lower on Friday at 2896 points. The South Korean Kospi fell 0.4 percent, nearly as many losses and the leading index in the Singapore Straits Times.
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The stock exchanges in Asia and the Pacific fell for the first time this week after growing concerns among investors about the recovery of U.S. economy prompted them to seek less risky assets like the yen, the dollar and government bonds. Shares of Japanese exporters have suffered most due to the appreciation of the yen to its strongest level against the dollar for the past 15 years. A strong yen makes goods of local producers more expensive on foreign markets and reduce their earnings after conversion into local currency. Shares of Canon and Sony fell more than 3 percent of the exchange in Tokyo for expensive yen. Shares of Toyota and Honda in turn lost around 2% because data for the decline in U.S. sales in July. Chinese mining companies fell after a decline in metal prices. Regional stock measure MSCI Asia Pacific, which oversees securities markets in ten Asian countries, Australia and New Zealand, losing 0.6 percent, disrupting its good performance from the previous two days, which brought him an increase of 2.2 percent. Most now come down shares of companies and consumer technology sector in its composition. Both groups decreased by more than 1%. MSCI Asia Pacific, however, reduced the loss of its highest point this year, celebrated on April 15, half to 6.3 percent.
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The stock market indexes in Asia and the Pacific region began August with strong increases that helped regional stock measure MSCI Asia Pacific to increase for the sixth time in seven days. MSCI Asia Pacific, which includes almost 1000 stock companies from ten Asian countries plus Australia and New Zealand ended last week with growth of 1.4 percent and July – a lead of 5.6 percent. Good financial performance of Honda, Hitachi and Hyundai Mobis for the past quarter brought growth in the share of automotive and consumer companies. Shares of the second largest car manufacturer in Japan – Honda, as well as those of Hitachi, rose at least 4 percent of the exchange in Tokyo. Those of the largest Korean producer of auto parts jumped by nearly 9 percent. MSCI Asia Pacific increased by 1.2 percent to 120.5 points and is on track to finish the session at the highest level since May 13 . Today most major indexes rose in Taiwan and Hong Kong. Taiwan Taiex rose nearly 2% to 7 911.68 points while the Hang Seng advanced 1.8 percent to 412.79 by 21 points, led by companies in the real estate sector. In Japan the Nikkei 225 added 0.4 percent to 9 570.31 points. The broader stock indicators Chinese Shanghai Composite rose 1.3% to 2 672.52 points, although data for the country the last two days showed a decline in the manufacturing sector. Data were disappointing, however, offset by the news of the great coal deposits found in northern China, which greatly increase the shares of companies in the energy sector.
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The stock market indexes in Asia and Pacific region rose strongly during today’s session, led by the best financial results for the quarter of the Japanese technology company Canon and U.S. chemical concern DuPont. The Asian markets rise over the past four sessions helped the regional MSCI Asia Pacific index rising to its highest level since mid-May. It rose by 1.1 percent to 119.36 points today, led by industrial companies in the region. MSCI Asia Pacific is still a 7.6% below its highest point this year because of fears of investors that global growth will slow at the end of this year. Most of today – by 2.7% to 9 753.27 points, increasing the Japanese Nikkei 225 index. Canon’s shares were traded with a growth of 5.7 percent on the Tokyo Stock Exchange after the biggest maker of cameras in the world announced four times increase in profit for the second quarter. The positive financial result, Canon has increased to 67.6 billion yen (770 million dollars) for the three months to June 30. Shares of other Japanese exporters like Sony, Honda and Nissan, also increased due to depreciation of the yen against the euro.
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The indexes in most Asian and Pacific markets are brought to negative territory after two consecutive days of rises after comments from Federal Reserve Chairman Ben Bernanke reiterated concerns of slow growth in the global economy this year. Bernanke voiced concerns to Congress that the state of U.S. economy remains very uncertain. That revived fears in financial markets that economic recovery could be slower than forecast, central banks. The regional MSCI Asia Pacific Index decreased by 0.2 percent to 115.39 points after having risen by 0.3 percent during the previous two sessions. He has pulled down 11% from its highest value for this year, which came on April 15. MSCI Asia Pacific brings together nearly 1000 companies from ten Asian markets, plus Australia and New Zealand. Forecasts of the Federal Reserve that U.S. unemployment will remain high over the next two years, strongly affected the shares of Asian exporters, which is a major U.S. market. Shares of South Korean manufacturer Samsung computer chips dropped by 1.1 percent, while those of the Japanese manufacturer of cameras, Canon lost 0.8 percent of the exchange in Tokyo. Most of today’s reduction MSCI Asia Pacific, however, contributed to financial companies because of uncertainty about the results of stress tests of banks in Europe, to be published tomorrow. MSCI Asia Pacific fell by 4,2% since the beginning of this year.
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Most stock indexes in Asia and Pacific region have moved negative territory during the session today after market participants chose to retrieve its profits from the previous two sessions. Regional stock measure MSCI Asia Pacific, which oversees securities markets in ten Asian countries, Australia and New Zealand fell by 0.7 percent to 113.08 points, after rising by 1.9 percent in the first two sessions of this week. Worries about the recovery of the global economy once again prevailed, and increased rate of Japanese yen against all 16 most-traded currencies. Appreciation of the yen reflected on the shares of major Japanese exporters, which reported a decline led by those of Honda and Sony. The main Japanese stock measure of the Nikkei 225 fell 0.6 percent, ending the session at 9 279.65 points. Even more – by 1.1% to 19 857.07 points, the Hang Seng fell to a low turnover of stock traded in Hong Kong. The biggest sales were in the banks after Industrial and Commercial Bank of China announced that it can attract 45 billion yuan (6.6 billion dollars) by selling rights. The South Korean Kospi fell 0.6 percent to 1 675.65 points. Shares of Samsung Electronics fell 0.8 percent in the Exchange in Seoul, although the technology company has announced record operating profits of 5 trillion. won (4.1 billion dollars) for the quarter.
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The decreases of the stock market indexes in Asia and the Pacific stopped by today’s session brought their first growth since May 13. Mining companies helped most of the regional index MSCI Asia Pasific to get away from the bottom ten month which said yesterday. Low price levels of stocks today removed the concerns of spreading the debt crisis in Europe, but continued to weigh on the euro exchange rate for the third consecutive day. Stock Exchange in South Korea and the local currency could be recovered from yesterday’s sales, caused by tensions between North and South Korea. Index MSCI Asia Pacific, which covers the securities markets in ten Asian countries, Australia and New Zealand, growing 0.6 percent to 109.46 points, after having slid 3.1 percent by the end of yesterday’s session to the lowest level since July 2009 Appreciation of metals led by copper, increasing on average 1.6 per cent share prices of mining companies in their composition. Since yesterday was the loser, the Taiwanese Taiex index ranked among the most profitable in the region today. It rose 1 percent to 7 167.35 points while the Kospi in South Korea rose 1.4 percent to 1 582.12 points. With even stronger growth of 1.7 percent to 16,298 points distinguish the index of the 30 largest Indian companies BSE Sensex 30, after it became clear that the Government of India will pay a commission underwriter of the planned sales of shares of state-owned companies through the stock exchange in Mumbai.
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The indexes in the Asian and Pacific region came out of positive territory during Friday’s session and increased their lead from the beginning of this week. The regional MSCI Asia Pacific Index rose by 0.6 percent to 125.07 points today and is on track to record a fourth consecutive weekly increase. Compared with its closing level of last Friday the stock measure, which covers the securities markets in ten Asian countries, Australia and New Zealand, rose by 1.5 percent. Compared to March 9, 2009, when the sale of stock markets around the world reached its peak, it has grown by 66 percent. Japanese companies were among the best performers today, which helped the Japanese Nikkei 225 index to rise by 0.8 percent to 10 824.72 points. Cheaper Japanese yen against most major currencies, which supported the shares of major Japanese exporters like Sony, Canon and Honda. The main index in Taiwan Taiex added 0.2 percent to 7 897.91 points, while Korean Kospi rose by 0.7% to 1 686.11 points. Shares in Kia, which is the second largest Korean car company, rose by 4.2 percent on the Exchange in Seoul, having announced it will increase its production capacities in Slovenia. In China, the Shanghai Composite rose by 0.7% to 3 067.7 points, after worries about tightening monetary policy of the Chinese central bank to gradually quiet. Hong Kong’s main stock index Hang Seng, rose by 0.2% to 21 370.82 points, mainly because of growth in the extractive companies.
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The last session this week brought the most indexes decreases in the Asian and Pacific region, which were most pronounced in companies from the energy sector. The reason for this was a strong reduction in the price of oil, whose price yesterday dropped to nearly 76 dollars a barrel and now is half a percent below the levels of last Friday. Stock exchanges in China are ranked among the few in the region, which ended today’s trading increases. The reason for that speculation arose that the Chinese yuan may gain. Shanghai Composite stock index added 0.5 percent to 3187.7 points and increase its value by 0.8 percent against the closing level of last Friday. More and more analysts expect that the Chinese government will increase the fixed rate of the yuan against the dollar. From July 2008 to date U.S. dollar exchanged for 6.83 yuan. Dollar-denominated B-shares on the Shanghai market segment rose due to expected growth in their profits due yuani appreciation of local currency. MSCI Asia Pacific, which covers the securities markets in ten Asian countries plus Australia and New Zealand, yielded a 0.1 percent to 117.69 points. Over the last five sessions of the regional stock measure was up 1.1 percent. The Exchange in Japan, the Nikkei 225 fell by 0.4 percent to 9770.3 points and reported a weekly decline of 0.2 percent. Today it became clear that the index of consumer confidence remains at a level of 40.5 points for the second consecutive month in October and failed to increase for the first time since the beginning of this year.
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