Moscow. February 1. Asian stocks look at the chart on Monday, Bloomberg reported.
Japanese market rallies amid Friday decline the Bank of Japan interest rates on Deposit accounts of FIS in the Central Bank to negative and positive earnings reports.
Chinese stock market falls after the publication of data about decrease of the January indicator activity in the manufacturing industry of the PRC to its lowest level in three years.
Japanese Nikkei 225 gained in the course of trading 2%, China’s Shanghai Composite lost 1.7 percent, the Hang Seng down 0.7%, the Australian S&P/ASX 200 rose 0.8%.
The Japanese Central Bank on Friday for the first time imposed negative interest rates on Deposit accounts that financial institutions have at the Central Bank. According to the decision of the Bank of Japan, the Deposit rate is minus 0.1% against the previous plus of 0.1%.
“The pace of global economic growth and inflation remain lower than expected and Japan’s Central Bank took an important step forward, and the European Central Bank is preparing its action, – said currency analyst at Okasan Securities Co. in Tokyo Shoji Hirakawa. – Investors, such as pension funds will likely start to slowly shift funds from bonds into stocks”.
Stock quote Sony Corp. and Shiseido Co., quarterly reports which was better than expected, increased in the course of trading, respectively, 11% and 13%.
Meanwhile, statistics from China again pointed to the weakening of the economy. Manufacturing PMI calculated by the State statistical office of the PRC, fell in January to the lowest in three years to 49.4 points from 49.7 points in December. The indicator is in the negative (below 50 points) area for six months.
“The PMI reading disappointed investors, said a trader Shenwan Hongyuan Group Co. in Hong Kong William Wong. Auctions this week will likely be sluggish, given the approach of the New year on the Lunar calendar”.
Shares of PetroChina fell by 2.8%. Chinese oil company announced that according to preliminary data, its net profit last year fell by 70% in connection with lower prices for oil and gas.
The value of securities, China Life fell by 4.8%. Net profit of the insurer, according to preliminary data, has increased in the past year by 10%, which fell short of market expectations.