Stock indexes in Asia are reduced because of rising yen and falling corporate profits
Asian share indexes decrease on Monday against the backdrop of falling profits of Chinese companies and the rise of the yen, caused by the victory of the Democratic Party of Japan in parliamentary elections, reports Bloomberg.
Composite stock index MSCI Asia Pacific Asia-Pacific region dropped to 0.5% in opening trades - up 113.36 points.
Japanese index Nikkei 225 fell 0.4% after rising 2.2% immediately after the opening of tenders. Growth rate of industrial production in Japan slowed in July toits lowest level in 4 months, a reduction in retail sales continues. Negative statistic data published on Monday, as well as record levels of unemployment led investors to fear that the new government will be unable to support economic recovery.
Australian index
SP /ASX 200 added 0.2%.
Chinese Shanghai Composite has fallen off to 5.1%. Iron and steel company Baoshan Iron Steel Co., Bank of China Merchants Bank announced a sharp decline in profits.
Baoshan Steel lost with the opening of trading 4,4% of the shares. The company announced that in the global economy there is no significant recovery of internal recovery basis are not reliable, and this poses a threat to the metallurgical industry.
Fifth Bank of China's largest market capitalization of China Merchants Bank has lowered the cost of securities to 4.5% after the announcement of the reduction of net profit the third consecutive quarter in April-June.
Yen went up against all the most actively traded currencies of the world after the Japanese media announced that the Democratic party won at least 308 of the 480 seats in the lower house of parliament in Japan.
Stock quotes
Japanese Canon Inc. fell by 3%. The cost of securities Honda Motor Co. decreased by 1,7%.
market capitalization of the Australian Bank of Australia New Zealand Banking Group Ltd. soared to 4.7% on increasing profits.
At the evening session on FORTS on Friday, a wave of fixing the financial results for the week
Slightly more stable will be traded shares of Russia's banks, securities, oil industry would be under selling pressure
At the Far Eastern railway congestion of the 72 freight trains
Today analysts' forecasts for the pair EUR /USD - up for auction in Rendžov: 1.4200-1.4350
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Dollar rises in price on Monday against the backdrop of the fall in the stock market
Indices in the U.S. fell on Friday, the decline is continuing in the futures market on Monday
Forex - results of the day
