Saturday, August 22, 2015

Chinese shares fall again and drag the rest of the squares – Clarín.com

The bags in China vovlieron to crash and arrastaron get the rest of the asasiáticas seats after new data on the activity of the Chinese industry, which exacerbated concerns about the progress of the second world economy .

At the bottom of the bump on Wall Street on Thursday, losses deepened and spread throughout Asia as close to a stirred by the ups and downs of China parquet week and even when regional economies trying to fit the new stage created by devaluation of the yuan.

In this demanding context, the preliminary results of purchasing manager index (PMI) prepared by the financial magazine China Caixin , which accounted for the biggest contraction in six years the Asian giant’s manufacturing sector , dynamited the day and forced investors to exercise extreme Prudence.

The bulkier collapse of the day was staged once again, Chinese stocks as The Shanghai Composite Index, the benchmark in the country, collapsed today April 1 , 27% and Shenzhen, another 5.42%.

The uncertainty generated around the second largest economy took its toll on the Tokyo Stock Exchange where the Nikkei index sank nearly 2.98% and recorded its fourth consecutive decline that was also the second highest of the year.

Seoul Stock Exchange also accused today a sharp fall by 2, 01%, although in his case concerns about China fund was overshadowed by the new episode of tension between the two Koreas , which exchanged artillery fire yesterday, and whose respective forces are on high alert.

The opening European stock markets also turned red and Madrid, Frankfurt, London, Milan, Paris and Lisbon began the session with strong corrective, in which doubts about the second economy overlap with concerns about the future of Greece after the resignation of his prime minister, Alexis Tsipras.

While continuing rise mystery about when the Federal Reserve (Fed) US interest rates, a move that would shelve the monetary policy that has been maintained since the financial crisis 2008, markets follow the news coming across the Pacific in suspense.

(Source: agencies)

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