Moscow. 2 February. Most of the stock markets of the Asia-Pacific region are trading in red zone on Tuesday amid falling oil prices, however, the indexes of China are rising after a new injections of liquidity by the Central Bank of China, reported Bloomberg.
The composite index of the Asia-Pacific region MSCI Asia Pacific with the opening of the market decreased by 0.6%.
Japanese indexes Nikkei 225 and Topix respectively decreased by 0.55% and 0.6%, South Korean Kospi – by 0.8% and the Australian S&P/ASX 200 – 1%. The Chinese Shanghai Composite index rose 2.3%, Hong Kong’s Hang Seng lost 0.6%.
The people’s Bank of China (PBC, the Central Bank of the country) poured into the financial system 100 billion yuan ($15 billion) through reverse REPO. Last month infusion was about 2 trillion yuan. The Central Bank thus attempts to prevent a liquidity shortage during the New year celebrations in the Chinese calendar, when financial institutions in the country will be closed.
“The actions of the NBK lends support to the market, – says the head of Partners Capital International Ronald van. But I would not lose vigilance, as this rally is unlikely to be long. Investors will want to sell shares to get cash before the holidays, and volatility will return.”
Shares of technology company Guangzhou Goaland Energy Conservation Tech Co. soared in price by the maximum allowable 44 percent on the first trading day.
The price of the securities of PetroChina fell 1.4% after WTI closed on Monday falling by 6%.
Also cheaper the shares of Chinese banks. The market value of Industrial & Commercial Bank of China and China Minsheng Banking Corp. down more than 2%.
Capitalization the largest Bank in Japan Mitsubishi UFJ Financial Group rose 1.5%. The Bank’s profit in the last quarter fell by 27%, but this was better than market forecasts.