The stock market indexes in Asia and Pacific region rose for a third day, increasing his lead this week. Technology and mining companies helped the most to the good performance of securities markets in Sri Lanka, Thailand and Taiwan today. Excessive pessimism among investors about the recovery of U.S. economy gradually faded because of good data on projected sales of U.S. homes in July, the increase in retail sales and reduction of planned cuts by employers in August. Regional stock measure MSCI Asia Pacific, which covers the securities markets in ten Asian countries plus Australia and New Zealand increased by 0.4 percent to 119.79 points in today’s trading. After increases of the past three sessions, its value is 2.5 percent above the level of the previous week. To increase MSCI Asia Pacific helped best data on the growth of the Australian economy and the manufacturing sector in China and USA. Stock and increase optimism after the decision of the Bank of Japan to flow more liquidity in the banking system and the news that the government of preparing new stimulus to support companies that are threatened by the strong appreciation of the yen in recent months. Sony’s shares rose 2.4 percent due to depreciation of the Japanese yen. Chief Japanese Nikkei 225 index rose 0.6 percent to 9 114.13 points, increasing his winnings for the week up 1.4 percent.
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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 Energy and financial companies fell in Asian indexes and the Pacific region today after the biggest Swiss bank UBS reported a loss for the fourth consecutive quarter, while Australia’s central bank raised the base rate for the second time in the last four weeks. Japan Stock Exchange was closed for the celebration of national holidays. In the last month are increasingly central banks and governments have started to prepare for the gradual withdrawal of huge monetary and fiscal stimulus from the economy. Investors worried that the stock exchanges, who fear it is too early to tighten monetary policy because economic recovery will be difficult. The regional index MSCI Asia Pacific excluding Japan, which monitors the securities markets at 9 Asian countries plus Australia and New Zealand, lost 1.3 percent to 383.83 points. Stock measure was up 87 percent since the beginning of March so far. The stock market in Shanghai, Shanghai Composite rose by 1.2 percent to 3114.2 points and ranked as one of the few indexes ended the session in positive territory. Cause of increased activity on the part of investors was published in China Securities Journal, that economic growth in China could exceed 10% annually during the fourth quarter.
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The good news for sudden growth of Chinese economy in the third quarter failed to stop the sale of stock exchanges in Asia and the Pacific region. Instead, they strengthened fears that the Chinese central bank will soon need to raise the base interest rate, and the government to suspend its program to promote consumption. The regional index MSCI Asia Pacific, which monitors the securities markets in nine Asian countries plus Australia and New Zealand are lowered for the second straight day, losing 1.1 percent to 119.22 points. This is the strongest one-day decline in the stock measure from the beginning of this month and reduced his lead to five-year bottom of the beginning of March to 69 percent. Financial companies in the MSCI Asia Pacific contributed 39% of its fall today. Since the beginning of this year it has grown by 33% and outpaced the broad U.S. index, S & P 500 and the pan-European Dow Jones Stoxx 600. The optimism of investors made a market valuation of companies in the MSCI Asia Pacific 1,6 times greater than their book value. The stock market in Shanghai, Shanghai Composite was down by 0.6 percent to 3051.4 points, while Hong Kong’s Hang Seng slid 0.5 percent to 22,210.5 points.
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The week began with decreases for most stock markets in Asia and the Pacific region, after the economist Nouri Rubini said that share prices in the United States have risen too fast. Renewed concerns about the sustainability of economic recovery decreased prices of technological companies and extractive industries. The regional index MSCI Asia Pacific, which monitors the securities markets in ten Asian countries, Australia and New Zealand, yielded a 0.8 percent to 113.6 points. This is the third consecutive day of stock reduction measure after its loss last week amounted to almost 3%. Compared with five years of his bed early March MSCI Asia Pacific increased by 61 percent. Market valuation of companies involved in it on average 22 times greater than their profit transmit Bloomberg. In comparison, the ratio P / E index of the U.S. S & P 500 is 17. The index of blue chip Nikkei 225 in Japan decreased by 0.6 percent to 9674.5 points, a wider Topix slid 0.8 percent to 867.3 points. Concerns that high unemployment in the U.S. will reduce sales of local manufacturers, pressure on share prices of exporting companies.
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