Asia: sale of shares of technology companies led to a correction in the markets

 

Wednesday, 9 September, the region's stock markets closed lower against the major indexes falling value of the shares Alibaba.com and Lenovo Group, as well as the unfavorable statistics of Australia. For example, retail sales in the country in July decreased by 1% compared with the June value, and the number of mortgage loans decreased by 2%.

Following the auction, the regional index MSCI Asia Pacific fell by 0,8%. Japanese Nikkei 225 fell by 0.78%, Australia SP /ASX 200 has lowered 0,04% of the cost, and the Taiwan TAIEX was easier to 0,87%. Losers was Hong Kong's Hang Seng H-shares, a decrease of 1,39%. No support for the overall negative dynamics of equity markets in India, Indonesia, China, Pakistan, Thailand and Sri Lanka.

Shares of the owner of the largest in China oscommerce Alibaba.com fell 4.6% after the Chairman has sold 13 million shares at an average price of HK $ 20,78 per share.

Papers of the Chinese leader for the production of personal computers Lenovo lost 5,2% of the cost. The main reason was the sale of shares of the company, worth HK $ 1,03 billion ($ 133 million), redeemable firms TPG, General Atlantic and Newbridge Capital.

Analysts JPMorgan Chase lowered the rating of shares in major Japanese bank Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group with the best market to neutral, and therefore its price fell by 3% and 2.7% respectively. Securities regional lender Bank of Yokohama is rated worse than the market, which led to their prices by 2,6%. According to economists, for the continuation of the banks may require additional capital.

Market capitalization of CSK Holdings dropped by 7,6%, while the paper Metro Pacific Investments have fallen by 14% against the backdrop of reports of sale of shares in companies. Thus, CSK is planning to attract about 46 billion yen by selling preferred shares, because, according to company forecasts, the current fiscal year, she finished with a loss. Metro Pacific is considering options to attract $ 345 million

Paper Chinese China Communications Construction became easier to 3,1%. Profit transport company in the first half rose by 38% y /y to 3.03 billion yuan. Nevertheless, analysts expect a higher value of the fiscal target.

Against the background of the increased cost of raw materials and reinforced steel stocks and oil companies. Thus, quotes Rio Tinto Group in the course of trading on the Australian market added 0.7% and a market capitalization of the largest in Japan's Inpex oil worker has increased by 3,9%.

Values of the basic indexes on closing are resulted in the table:

Index Country Closing (items) Delta day (items) Change day (%) value at beginning of year (the last closing in 2008) Change YTD
SP /ASX 200 Australia 4,522.20 — 1.60 -0.04% 3722.30 21.49%
All Ordinaries Australia 4,527.10 -0.70 -0.02% 3659.30 23.71%
Ho Chi Minh Vietnam 536.11 -1.70 -0.32% 315.62 69.86%
Hang Seng Hong Kong 20,851.04 -218.77 -1.04% 14387.48 44.92%
Hang Seng H-shares Hong Kong 12,105.54 -170.12 -1.39% 7891.80 53.39%
BSE 30 (Sensex) India 16,182.99 59.32 0.37% 9647.31 67.75%
Jakarta Composite Indonesia 2,383.34 12.04 0.51% 1355.41 75.84%
Shanghai A-shares China 3,092.10 16.55 0.54% 1911.79 61.74%
CSI 300 China 3,194.91 23.94 0.76% 1817.72 75.76%
KLSE Composite Malaysia 1,196.46 -5.61 -0.47% 876.75 36.47%
NZSE 50 New Zealand 3,116.41 -5.14 -0.165% 2715.71 14.75%
Karachi 100 Pakistan 9,084.98 263.42 2.99% 5865.01 54.90%
Straits Times Singapore 2,650.48 -10.43 -0.39% 1761.56 50.46%
Bangkok SET Thailand 499.76 3.10 0.62% 449.96 11.07%
TAIEX Taiwan 7,250.72 -63.27 -0.87% 4591.22 57.93%
PSEi Philippines 2,553.96 -23.07 -0.81% 1872.85 36.37%
Colombo All-Shares Sri Lanka 2,779.79 55.50 2.04% 1503.02 84.95%
KOSPI South Korea 1,607.77 -11.92 -0.74% 1124.47 42.98%
Nikkei 225 Japan 10,312.14 -81.09 -0.78% 8859.56 16.40%
Topix Japan 939.84 -6.56 -0.69% 859.24 9.38%


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