Stock indexes in Asia-Pacific region are reduced on Monday because of fears of further tightening of monetary policy in China and other steps to prevent overheating in the economy, reports Bloomberg.
representative of the Central Bank of China said on Monday about the planned reduction of excess production capacity in the country.
However, the index of procurement managers in China, produced by the China Association of Logistics and Procurement (China Federation of Logistics and Purchasing), fell to 55.8 points in January from 56.6 points in December, suggesting a slowdown in production growth in the country.
Composite stock index MSCI Asia Pacific Asia Pacific declined by 0,9% - to 115.79 points. In January index lost 3%, as the central banks of China and India increased reserve requirements and gave warning of further tightening of monetary policy.
Japanese Nikkei 225 index sank on Monday at 0,2%, Hong Kong”s Hang Seng lost 1.2%, Chinese Shanghai Composite - 2%.
Losers are shares of Chinese companies, the real estate industry, as Morgan Stanley recommended their sale.
“Markets remain at the lower rate because of fear of further deterioration in credit policy”, - said an analyst at Barclays Wealth in Singapore Menprit Gill.
Share prices of Chinese steel producer Maanshan Iron Steel Co. fell by 2,5% because of fears the reduction of excess production capacity. The largest company sector, Baoshan Iron Steel Co. reduced the capitalization of 0,5%, Hebei Iron Steel Co. - By 3,3%.
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securities of Japanese automaker Honda Motor Co. decreased by 3.6% since the company is forced to withdraw a number of car models in North America and Britain because of problems with windows.
share price
Toshiba Corp. fallen by 5,6% after the deterioration of the forecast revenue for the current fiscal year.
The worst of the market traded Gazprom Neft and Rosneft, the better the market feels the regional sector “telecom”
In Russia the market realized the expected correction in the falling trend
Analysis of the futures and options VTB
Shares of metallurgical and oil and gas sectors traded “good market”, the greatest losses are NLMK, Gazprom Neft and Rosneft
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank “
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