Asian stocks cheaper 6-th session in a row
By admin at 19 February, 2010, 9:11 am
Week opened in Asia fall on most stock sites, shares in the region cheaper sixth day in a row over plans by Obama to restrict bank activities, reports Bloomberg.
Composite stock index MSCI Asia Pacific Asia Pacific lost 0.7% in opening trading, falling to 121.50 points. Japanese Nikkei 225 index dropped to 1,2%.
prices for copper and other metals are falling, oil is stable, the dollar and yen cheaper in a couple of euros.
U.S. President proposes to limit the size of financial institutions in the country and the volume of their trade, believing that these measures1000will limit the risks assumed by banks. Initiative Obama caused a sharp decrease in stocks of the largest U.S. banks and contributed to the growth of negative sentiment among investors.
"Correction of the Asian markets due to fears that the growth trajectory of profit does not justify the quotation, - said one of the heads of investment company Pengana Capital Tim Shreders. - Changes in the regulation of U.S. banks significantly hurt their ability to meet earnings forecasts - in particular, this concerns Banks with significant trading operations, dependence on hedge funds. "
Bank of China Ltd. intends to place the bonds, convertible into shares, amounting to 40 billion yuan ($ 5.86 billion) to raise new capital. The decision caused a decrease in bank stock price of most Chinese finkompany.
JPMorgan Chase Co. reduced investment in bank stocks in China, saying that efforts to attract dopkapitala and a possible way out Goldman Sachs from participation in the Industrial Commercial Bank of China will adversely affect their value in the short term.
cost
securities Chinese Bank of Communications fell by 2,9%, Industrial Commercial Bank - by 0,8%.
price of shares of South Korean finkompanii Woori decreased by 3.9% on fears that the Government will reduce investment in capital.
rate securities the world"s biggest mining group BHP Billiton Ltd. fell by 1,2% because of lower cost metals.
Share prices of Japanese shipping companies have fallen because of the expected decline in demand for raw materials, which would hurt their profits; paper Mitsui OSK Lines fell 2,8%, Tokio Marine Holdings - by 1,5%.
South Korean exporters increased their market capitalization due to a weakening of the won: the cost of shares automaker Hyundai Motor rose by 0,9%, and electronics chipmaker Samsung Electronics - on 1,9%.
Americans do not earn their banking accounts
largest U.S. banks over the last quarter of 2009 was worse than forecasts ...
U.S. index showed the greatest three-day decline since March, but rising futures
The level of support for the RTS Index futures for today - 146 100
A certain recovery rate of EUR /USD lost in the last days of positions in the near future to continue
Technically, to determine the future direction of motion is important to retain the MICEX indexd10level of 1400 points
In the case of turning the market may return to earlier levels as quickly as it fell
Today, despite the positive expectations for the placement of Rusal, is expected to continue sales in the steel sector
Today, the bull has a chance of a transition to the consolidation and subsequent testing of an important level of 1,415 points
The probability that the downward correction of the market of Russia will stop at the current levels, markedly reduced
No comments yet.