Financial and Business News

Asia closed on "RED"

Asia's stocks signed weak beginning of the week, followed by apprehensions of the investors from delay of American economy. This will have a big consequences over the economy of largest continent.
"United States still is going to recesion", analysers commented. "The uncertainty is too big, and speculants will continue to sell their shares in the next few weeks".
The index MSCI decreased with 3% to reach 141.57 points in Tokio this night, and this is the slowest decreasing for the previous 3 days. The index is still with 10% lower from the beginning of the year.
Chinese Index CSI 300 decreased with 6.2% tonight, and this gave it the first place of loses during the week. Japanese index Nikkei 225 is down with 3% to reach 13 215.80 points. Index of Hong Kong, Hang Seng lost 4.7%, followed by almost all commont indexes in the vicinity.
The largest public traded Japanese bank Mitsubishi UFJ, lost 5.1% from the market price, while its competitor Sumitomo Mitsui Financial Group rated on the second place when it lost 5%.
"It looks that Japanese economy will follow the American and will get in recession", is the comment of all analysers.

Labels: Financial News

posted by Zoritza Petrova @ 1:10 AM