Asia-Pacific stock indices declined amid oil price below $30

Moscow. January 26. Stock markets in the Asia-Pacific region fall on Tuesday amid falling oil prices below $30 per barrel after a record two-day rally since October 2011, reported Bloomberg.

The composite index of the Asia-Pacific region MSCI Asia Pacific has decreased with the opening of the market by 1.2%.

Japanese indexes Nikkei 225 and Topix respectively decreased by 2.15% and of 1.93%, South Korean Kospi – on 1,08%. Australian and new Zealand markets closed due to public holiday.

The Chinese Shanghai Composite index lost 2.3 percent, the Hang Seng – 1,87%. The decline in shares of Chinese companies due to fears of the market about a record outflow of capital from China, in the past year increased seven-fold and exceeded $1 trillion.

However by 8:00 on Tuesday, the March contract for Brent crude fell by 2.2%, to $29,84 per barrel futures for WTI – by 2.5%, to $29,57 per barrel.

“Investors see the decline in oil prices direct signal a slowing global economy and weak markets emerging markets,” says chief analyst at SMBC Friend Securities, Toshihiko Matsuno.

Capitalization oil company CNOOC fell at auction in Hong Kong 6.6%, while the value of the securities of Petrochina on the Shanghai stock exchange fell by 3.1%.