Fifth consecutive decline for exchanges in Asia
Exchanges in Asia fell for the fifth consecutive day of the way to the biggest weekly decline than a year after concerns about the slowing world economic growth caused a decline in shares of financial, energy and materials sector. Decline registered all markets in Asia open to trade, such as those in Hong Kong, Indonesia and China lost more than 3 percent.
Regional MSCI Asia Pacific index lost 2.1 percent in value to 116.70 points earlier this morning. Benchmarkat be ustremi week to drop from 6,8 percent and the lowest value since June 13, 2006 All 10 sectors included in the index, still positions.
The regional index has lost 26 percent of its value in 2008, more than double the drop in the index Standard & Poor’s 500, after slowing in the global economy limited demand for exports from the region, a financial company announced losses of assets and selling due credit crisis.
Stock prices in Japan decreased, taking account of the largest weekly decline from year because of declining employment in the U.S., which led local companies to reduce the cost of capital equipment. Requests for aid for unemployment reached 5 - an annual peak. Proved negative impact and the reduction in the ECB’s forecast for economic growth in the euro zone. At the same time, the yen reached its highest value against the euro by more than a year against the dollar from July 17, which further harm exports. The main index Nikkei 225 Stock Average sinking to 345.43 (2.8 percent) at 12212.23, which is the largest decline of 14 April. Topix index lost 30.81, or 2.6 percent to 1170.84.
In China CSI 300 index lost 3.01 percent of its value, to 2183.43. He has lost 59 percent this year, it becomes the benchmark, lost most of the period.
In Hong Kong Hang Seng index also noted a decline, closes below 20 000 points for the first time since April 2007 Benchmarkat lost 636.83 points to 19752.65. It lost 7.1 percent during this week’s at its biggest weekly decline since June.
Exchanges in Asia red again. New bankruptcy among Japanese companies in construction sector and lower ratings representatives of regional economy Red start of the month for Asian markets Consecutive decline in U.S. stock, S&P 500 also enters in Bear Market Mass panic scope and exchanges in Eastern Europe Bernanke: Inflation will be reduced Dow Jones wiped their initial gains The euro board to new peaks Exchanges in Romania, Austria, Iceland and Ukraine stopped trading The euro fell against the U.S. dollar. Avoid the currencies set a high income under pressure Central bankers: Asia deal with crisis The price of oil to a record for the last 17 years fall U.S. shares erased their initial gains. The outlook for long-term credit rating of Russia is “negative” and Gold-currency reserves of Russia decreased by 50 billion dollars The data on employment pressed U.S. state indices, the serial drama data on the labor market in the U.S. Price of oil will not stop - marks a record after record U.S. shares of the green, S&P 500 by 10 percent weekly rise High jump in the markets in the U.S. with substantial growth 2008 - year of the bear market, world drop in economic growth Dynamic week of oil market Middle East oil fell to 122.10 dollars for a barrel Hong Kong creates a market for servicing China Shares of the week - storms Wells Fargo & Co. Oil remained at low levels to the limit of 100 dollars Oil ended the week with a drop of over 11 percent Real estate market in Spain from stagnation to decline Auctions of stock and commodity markets have supported gold Another bank failure in U.S. The Bank Silver State closed its banking business Yet another thing to worry about: Taxes Inflation in Europe at lower level than nine months. Europe is in recession officially Tokyo shares end 2008 42% lower China to allow freer yuan trades Expect to 30% decline in housing prices in Spain Rescue plan for the economy of Australia Australia with the weak economic growth of eight years Euro weakens on rate cut evidence Google disappoints the market despite the 35% growth in profits for quarter AAA sees holiday travel decline Lehman Brothers bankruptcy New tumbled in sales of cars in Europe Again bank failure in U.S. Financial crisis hit and telecom sector Stock mutual funds take in $10.4 billion Bank for International Settlements: Economic growth must be sacrificed in the fight against inflation Strong data on the labour market in Germany In pictures Cheap oil again, the price of oil fell Firms to pipe Burma gas to China Another 62 thousand Americans without job in June, unemployment was 5.5 percent More toxic milk trials in China Eurozone virgin Wal-Mart settles labour lawsuitsTags: asia, company, credit, credit crisis, dollar, dollars, economic growth, economy, exchange, exchanges, finances, financial, market, Markets, shares
