Exchange the Asia-Pacific region closed mostly lower after oil

Exchange the Asia-Pacific region closed mostly lower after oil


Amid declining world oil prices by 0.5%, as well as responding to messages from Iran’s intention to increase exports since March, the majority of stock indices of the Asia-Pacific region closed in the red.

MOSCOW, 3 Feb. The majority of stock indices of the Asia-Pacific region (APR) closed in negative territory on the background of negative dynamics of world prices on oil, which contributes to the widespread sales of risky assets, according to AFP.

Japanese Nikkei 225 finished trading environment reduced by 3.15% at 17191,25 item. The index of Shanghai stock exchange Shanghai Composite has decreased on 0,38% — to 2739,25 points, the index of Shenzhen stock exchange Shenzhen Composite index rose 0.47% to 1737,2 item. Hong Kong’s Hang Seng Index dropped to 2,34% — to 18991,59 item, Korean KOSPI — on 0,84%, to 1890,67 points, the Australian S&P/ASX 200 — on 2,33%, to 4876,8 item.

World oil prices during the trading session in Asia decreased by 0.5%, reflecting the data of the American petroleum Institute (API) on the growth of reserves of “black gold” in the USA last week, as well as responding to messages from Iran’s intention to increase exports since March.

“We still incline to caution three factors — the fed, oil and China. Until clarity and stability in these three areas, we maintain a neutral position in equities,” commented Credit Suisse analyst John woods (John Woods) CNBC.

Significant declines in the course of trading distinguished company of the mining sector amid fears of slowing demand from China. In particular, on the stock exchange of Sydney, shares of Rio Tinto became cheaper in the course of trading on 2,7% — to the lowest level since March 2009 in 36,53 Australian dollar (25,77 USD).

Negative on the stock exchanges of China limited internal statistics. According to business magazine Caixin, the business activity index (PMI) in the services sector of China in January, peaked in the last six months, amounting to 52.4 points against 50.2 points a month earlier. Analysts expected its value at level of 50.5 points. While the composite index of business activity, according to Caixin, last month rose to 50.1 from 49.4 points in December of 2015.