Asia: optimists, Reply!
By admin at 24 February, 2010, 10:17 am
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Wednesday, January 27, the major stock markets in the Asian region again completed the session in the red zone. Concerns about tightening monetary policy by the Chinese Government has not yet vanished, and a new stream of negativity only worsened the situation. SP credit rating agency yesterday downgraded the outlook for Japan"s credit rating from stable to negative because of declining opportunities to reduce the debt burden, as well as on the background of concerns related to the absence of Government of a plan to reduce the budget deficit.
Pessimistic sentiment in Asia has been present for eighth consecutive session, which was not observed since May 2005. The data are from published today is worth emphasizing the growth of exports in December in Japan - 12.1% increment in shipments year over year was the first increase rate over the past 15 months. Nevertheless, the trade balance in December was worse than analysts" forecasts. Thus, Japan"s trade surplus totaled 545.3 billion yen against the analysts expected 590 billion yen.
I would also like to mention the increase in consumer prices in Australia in the 4 th quarter, exceeded analysts&1000amp;#39; expectations. Thus, the increase rate was 0,5% /K, which alerted investors - an increase in consumer prices may lead to further raise key interest rates.
As a result of trades Japanese Nikkei 225 index sank 0.71%, Chinese CSI 300 has become easier to 1,36%, while Australia SP /ASX 200 fell by 1.55%. Regional indicator MSCI Asia Pacific has lowered from its asset 1,1%, to close at the mark of 118.1 points. Trades in Sri Lanka today are not held in honor of the national holiday.
 Against the background of expectations of further increases in interest rates in Australia, shares of Westpac Banking and the Australia New Zealand Banking Group fell 2.4% and 1.5% respectively.
Quotations world"s largest mining company BHP Billiton and its rival Rio Tinto Group went into a minus on 2,3% and 4,7% due to depreciation Commodities. The second-largest Australian oil and gas producer Woodside Petroleum retreated, in turn, by 2,3%.
The world"s leading automaker Toyota Motor lowered from 4,3% of its assets after the released information that it has suspended production and sale of eight models in the U.S. market, which in connection with the recent withdrawal could cause consumer confidence to the quality of assembly and component details.
Sales of Australian retailer Woolworths has increased in the second quarter to a minimum for the last 17 years, value, and everything else, does not have lasted up to analysts" forecasts. Sales for the three months ending Jan. 3 rose by 4% and amounted to A $ 13,8 billion ($ 12.4 billion), compared with analysts expected $ 14 billion
However, without the favorites could not get today"s trading session. Shares of Japanese pharmacist Fuso Pharmaceuticals rose by 11% after it reported its outlook for net profit for the year ending March 31. It is expected that net profit reached 850 million yen ($ 9.5 million) compared with the previously forecasted loss of 50 million yen.
Asia"s largest manufacturer of care and cosmetics Kao earned on trades in Tokyo 5% of market capitalization. Kao"s net profit for the first nine months of fiscal year has already exceeded the forecasts of annual profit of the company.
| Index | Country | Closing (items) | Delta day (items) | Change day (%) | value at beginning of year (the last closing in 2009) | Change YTD |
|---|---|---|---|---|---|---|
| SP /ASX 200 | Australia | 4,644.60 | -- 73.3 | -1.55% | 4870.64 | -4.64% |
| All Ordinaries | Australia | 4,670.00 | -73.1 | -1.54% | 4882.71 | |
| Ho Chi Minh | Vietnam | 486.41 | -11.49 | -2.31% | 494.77 | -1.69% |
| Hang Seng | Hong Kong | 20,033.07 | -76.26 | -0.38% | 21872.5 | -8.41% |
| Hang Seng H-shares | Hong Kong | 11,372.69 | -37.43 | -0.33% | 12794.13 | -11.11% |
| BSE 30 (Sensex) | India | 16,289.82 | -490.64 | -2.92% | 17464.81 | -6.73% |
| Jakarta Composite | Indonesia | 2,564.55 | -13.86 | -0.54% | 2534.36 | 1.19% |
| Shanghai A-shares | China | 3,131.63 | -34.57 | -1.09% | 3437.46 | -8.90% |
| CSI 300 | China | 3,198.57 | -44.23 | -1.36% | 3575.68 | -10.55% |
| KLSE Composite | Malaysia | 1,265.77 | -17.25 | -1.34% | 1272.78 | -0.55 % |
| NZSE 50 | New Zealand | 3,193.57 | -0.48% | 3230.15 | -1.13% | |
| Karachi 100 | Pakistan | 9,603.55 | -62.93 | -0.65% | 9386.92 | 2.31% |
| Straits Times | Singapore | 2,706.26 | -34.07 | -1.24% | 2897.62 | -6.60% |
| Bangkok SET | Thailand | 484.4 | -7.99 | -- 1.62% | 520.69 | -6.97% |
| TAIEX | Taiwan | 7,560.03 | -38.78 | -0.51% | 8188.11 | -7.67% |
| PSEi | Philippines | 2,919.48 | -36.22 | -1.23% | 3052.68 | -4.36% |
| Colombo All-Shares | Sri Lanka | 3,591.38 | 36.93 | 1.04% | 3385.55 | 6.08% |
| KOSPI | South Korea | 1,625.48 | -11.86 | -0.72% | 1682.77 | -3.40% |
| Nikkei 225 | Japan | 10,252.08 | -73.2 | -0.71% | 10546.44 | -2.79% | Topix | Japan | 907.67 | -8.73 | -0.95% | 907.59 | 0.01% |
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