Moscow. December 10. Most stock indices in the Asia-Pacific region is declining at auction on Thursday, reports Bloomberg.
The Japanese index Nikkei 225 fell during the auction by 1.2%, the Australian S&P/ASX 200 was 0.8%, China’s Shanghai Composite rose 0.4%, the Hang Seng is 0.1%.
The decline in the Japanese stock market contributes to a significant strengthening of the yen against the US dollar in the previous auction, worsening the prospects for local exporters. The yen against the U.S. currency rose Monday by 1.2% to 121,44 yen per $1. On Thursday the dollar/yen is trading at the level of 121,63 yen.
“The yen is strengthening, in connection with the shares of exporters and manufacturing companies located in the centre of the action traders avoiding the risks,” says Executive Director at Ichiyoshi Asset Management in Tokyo Mitsushige Aquino.
The stock Mazda Motor Corp. decreased in the course of trade by 2.6%. The value of the securities Fuji Heavy Industries Ltd., the manufacturer of Subaru automobiles, dropped 1.3 percent.
“Oil prices are still too low, and fears that the current situation will continue, making investors to avoid the risks,” says Aquino.
WTI crude oil fell at the end of trading Wednesday to $37,16 per barrel, Brent – up to $40,11 per barrel, both values are the lowest since February 2009.
Support to the Chinese stock market on Thursday has growth of stock quotes brokerage companies pending the approval of the authorities of the PRC of the new registration system IPO.
Securities Guoyuan Securities Co. and Everbright Securities Co. rose more than 3%, the stock price of Citic Securities increased by 2.2%.
“Brokers will benefit from the new system, IPO, says trader Shenwan Hongyuan Group Yong Chiu. – Thanks to this system, more companies will have the opportunity to hold an IPO, investors will be more choice, which means that the increase in fees from brokers of IPOs”.