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TOKYO. Asian stocks slumped for the first time in four days. At 15:52 am Tokyo time, MSCI Asia Pacific Index fell 0.7% to 113.39.Previously, the benchmark company in the region is already six times out of green and red zones.
Meanwhile, the Nikkei 225 Stock Average edged down 0.01%, after rising 0.6% in morning deals. Then, South Korea's Kospi index and the S & P / ASX 200 Australia also closed with a position that is not much changed with the opening level. In addition, Hong Kong's Hang Seng index plummeted 2.2%. While China's Shanghai Composite Index fell 0.4%.
Large cap stocks that also influence the movement of Asian markets, among others: Li & Fung Ltd. in Hong Kong dropped 6.7%, Toyota Motor Corp. fell 0.5% in Tokyo, and Sony Corp. fell 0.5% in Tokyo. Meanwhile, Glencore International Plc slumped 7% in Sydney.
Asian stocks decline today was due to investor concerns a global economic crisis. "Sentiment slightest movement will affect the market today. Investors are still unsure of macro-economic outlook at this time. That is why, many investors are removing the risk (risk off) until there is a positive response to this crisis," explained Tim Schroeder of Pengana Capital Ltd..
Just note, throughout this week, Asian stock indexes rose 1.5% and 9.3% so far this month. Meanwhile, if calculated on a quarterly basis, the benchmark in this region have tumbled 16%, the largest quarterly decline since December 2008.
source: kontan.com
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Meanwhile, the Nikkei 225 Stock Average edged down 0.01%, after rising 0.6% in morning deals. Then, South Korea's Kospi index and the S & P / ASX 200 Australia also closed with a position that is not much changed with the opening level. In addition, Hong Kong's Hang Seng index plummeted 2.2%. While China's Shanghai Composite Index fell 0.4%.
Large cap stocks that also influence the movement of Asian markets, among others: Li & Fung Ltd. in Hong Kong dropped 6.7%, Toyota Motor Corp. fell 0.5% in Tokyo, and Sony Corp. fell 0.5% in Tokyo. Meanwhile, Glencore International Plc slumped 7% in Sydney.
Asian stocks decline today was due to investor concerns a global economic crisis. "Sentiment slightest movement will affect the market today. Investors are still unsure of macro-economic outlook at this time. That is why, many investors are removing the risk (risk off) until there is a positive response to this crisis," explained Tim Schroeder of Pengana Capital Ltd..
Just note, throughout this week, Asian stock indexes rose 1.5% and 9.3% so far this month. Meanwhile, if calculated on a quarterly basis, the benchmark in this region have tumbled 16%, the largest quarterly decline since December 2008.
source: kontan.com
please give me comments thanks
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