Moscow. December 30. Most stock indices in the Asia-Pacific region (APR) are growing in the environment, reducing annual decline, following a rally in the U.S. and Europe, reports Bloomberg.
However Chinese stocks are falling again on fears that a further slowdown in economic growth in China will reduce profitability of companies. Yuan during the auction reached the lowest level since January 2011.
Trading volumes continue to fall as we approach the end of the year for many markets in Asia, including Japanese, this session will be the last this year. All exchanges will be closed 1 January.
The composite stock index Asia Pacific MSCI rose 0,4% on Wednesday. Since the beginning of year the indicator dropped 4.4%. Mainland China after the weak results is likely to show Hong Kong, India and trading platforms in South-East Asia: the Indian Sensex dropped by 5% this year, Hong Kong’s Hang Seng – by 6.8% (a special index of Chinese companies in Hong Kong almost 20%), Thailand SET – up to 14%.
On Wednesday the Japanese Nikkei 225 index gained 0.5% and the broader Topix index, Australian S&P/ASX 200 climbed 1%.
Hong Kong’s Hang Seng fell 0.3%, Chinese Shanghai Composite – on 0,2%, South Korean Kospi – by 0.1%.
Observed before the increase in oil prices ensured an increase in prices of most oil and gas companies in Asia, despite the fact that oil is getting cheaper, albeit holds above $37 per barrel.
The shares of Chinese developers, Gemdale Corp. and Ply Real Estate Group Co. fell more than 2 percent.
The market value of the Singapore commodity trader Noble Group fell 8 percent after Moody’s downgraded its credit rating to “junk” level.