Asia stock remains in the red
Posted by adminEarly June is synonymous with decline on Asian financial centers. On Wednesday, all indices of the region are pointing downward. Investors were not reassured by Wall Street, which yesterday closed at a net decline of 1.14%. After a weekend of three days in the U.S., the markets awaited him the reopening of the U.S. stock market to find direction. This only adds to their concerns.
Similarly, all European financial markets plunged, hit by renewed concern about the state of the global economy. Sealed by the bank, the European stock exchange experienced a very volatile session.
Resignation Japan
In Japan, the Nikkei index opened on a decline of 1.11% and then will start in mid-session with the eagerly awaited announcement of the resignation of Prime Minister Yukio Hatoyama center-left.The members of his own Democratic Party (DPJ) had repeatedly called for the resignation of a political leader to revive their chances of winning Senate elections scheduled for July 11. The popularity of the democratic leader, whose voters had doubts about the ability to govern, had indeed collapsed since his arrival to the business eight months ago.
"To revitalize our Party, we must make room quite clear to the Democratic Party. I ask for your cooperation, "said Hatoyama, fourth Prime Minister to leave office after less than a year in Japan.
The Nikkei jumped before exiting in the red
This announcement has benefited the Tokyo Stock Exchange rebounded 0.4%. But the rise was short lived.A few minutes later, the Nikkei fell 0.72% to 9,641 points as investors worried that instability and its impact on economic policy.
"Hatoyama's resignation could lead to delays in the planned announcement this month of the growth strategy and the government's fiscal targets. Whoever will replace Hatoyama work before the Senate elections, to disappoint the voters, "noted Hirotaka Kusabi, economist at Mizuho Research Institute.
The rest of the region follows
In China, investors are still trying to digest the bad news fell yesterday on rising inflation in the country (2.8%) and housing prices (+12.8%). This situation raised fears a bubble whose consequences are more serious than the subprime crisis, observers said.Midway, stock markets in Hong Kong and Shanghai respectively coward 0.36% and 1.60%.
Elsewhere, the same concerns: The Kosdaq Korean (-1.08%), the S & P Australia (-0.37%) down.
Only the Bombay Stock Exchange is in the green, showing an increase of 0.49%.