Trading on Asian stock markets opened lower on Monday after the publication of disappointing quarterly results of U.S. General Electric Co., Japan's Casio Computer Co. and Yaskawa Electric Corp., reports Bloomberg.
Composite stock index MSCI Asia Pacific Asia Pacific fell by 0,2% - to 119.36 points. Since March the minimum rate added 68% due to improved macroeconomic performance and company profits.
Japanese Nikkei 225 lost with the opening of trading 0,5%, Australia SP /ASX 200 - 0,9%.
The reason why the markets are falling, is not to change the trend of profits, but at too high expectations of investors - the disappointment was inevitable, - noted Naoteru Teraoka of Chuo Mitsui Asset Management Co.
Earnings General Electric Co. from continuing operations in the third quarter of 2009 decreased by 51% - to $ 2.5 billion, or 22 cents per share. Revenues decreased by 20% to $ 37.8 billion analysts polled by Bloomberg, on average, predicted the figures at 20 cents per share and $ 39.66 billion
value of shares digital technology manufacturer Casio, famous, including the development of water proof mobile phones plummeted by 8,2%, as the company changed its forecast of annual profit to loss.
Yaskawa Electric - manufacturer of industrial robots - recorded a net loss up to the April-September compared with a net profit for the same period last year. Papers of the company fell 2%.
market value of the Australia New Zealand Banking Group Ltd. fell by 3,2%, as analysts predict a slow recovery of the economy than expected.
Shares
Korea Exchange Bank lost in the price of 5% on fears of excessive growth of quotations of the bank during long rallies.
rate securities PetroChina rose by 2,2%, as oil futures have risen in New York on 0,2% - to $ 78.695 per barrel in electronic trading on Monday. Share prices of Chinese Cnooc Ltd. rose by 3%, demonstrating the fastest growth in the index MSCI Asia Pacific.
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