Acute drop in the stock market in Asia continues

Indices of stock exchanges in the Asian and Pacific region continued to decrease for the ninth consecutive day, resulting in the regional MSCI Asia Pacific index reached its lowest value for the last eight weeks.
Last week brought the second consecutive weekly decline of most indices in the region that was most significant for the stock market in India, Japan and Hong Kong. Reason for this was inconclusive economic data on the state of the world economy.
At today recorded a sharp decline in markets Taiwan and South Korea, where major indices Taiex and Kospi lost 3.5% over the value of it. Reason for this was delaying the talks to strengthen trade relations between China and Taiwan.
The index of blue chips in China CSI 300 is lower by 1.1 percent to 3361.01 points, while the broader Shanghai Composite also fell by 1.1 percent to 3080.56 points. Last week it became clear that exports of the country has Svilen by 21.4 percent annually in June.
Chinese state construction company plans to attract Chinese yuana 40.5 billion (5.9 billion dollars) through the sale of shares this month. This will be the largest IPO worldwide in March 2008 when it conducted the initial public offering of Visa.
The regional MSCI Asia Pacific Index decreased by 2.5% to 98.10 points, the lowest level since May 18, forward Bloomberg. In Japan, the index of blue chip Nikkei 225 falls by 2.6 percent to 9050.33 points, while the broader Topix lost 2.3 percent to 852.42 points.
Prime Minister of Japan Taro ACO set new parliamentary elections in the country for August 30. His party Liberalnodemokratichna vanguard of the stage, according to data of sociological studies. Appreciation of Japanese yen at the beginning of this week is also heavy on the quotations of the exchange in Tokyo.
Even good data on the increase of industrial production index and the confidence of households failed to vdahnat investor confidence. The index of industrial production increased by 5.7 percent on a monthly basis in June.
Japan’s prime minister said at the meeting of the G-8, they will not be able to cope with all the world problems without the participation of China and India. Large developing economies is greater demand for more substantial role in making important political and economic decisions.
China’s leaders are more aggressive call for a new global reserve currency and make steps to find her an alternative to strengthening the importance of the Chinese yuan as a means of payment.
Australia S & P / ASX 200 is lower by 1.5 percent to 3737.5 points, while New Zealand NZX 50 finished the session almost unchanged at a level of 2736.89. Ponizheniyata listed in Melbourne were limited from the increase in retail sales in May.
They reported growth for the third time in the last four months and rose by 0.8 percent on a monthly basis. Sales chain retail without cars to jump 1.6 percent on a monthly basis.

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