Stock markets in Asia fall on Friday
Stock indexes in the Asia-Pacific region (APR) are down on Friday at the desire of investors to avoid the risk, reducing the growth from the beginning of the week, writes MarketWatch.
Summary index of region MSCI Asia Pacific lost 0.4 percent after rising to its highest since July 2015, the day before.
The Japanese Nikkei 225 index declined 0.6%, the broader Topix fell 0.5%.
Hong Kong’s Hang Seng down 0.5%, China’s Shanghai Composite index by 0.6%.
Australia’s S&P/ASX 200 fell 0.2% and South Korea’s Kospi.
However, India’s Sensex rose 0.6%, while Malaysia’s FTSE Malay KLCI by 0.1%.
“Probably a week-long rally caused by trump’s promises, came to an end,” says CMC Markets trader Jane Fu.
Deputy Chairman of the Federal reserve system (FRS) Stanley Fischer said on Thursday that the us economy is approaching the fed’s goals for inflation and unemployment that increases the likelihood of a climb rate in the current year .
As it became known, the economy of Singapore in October-December jumped 12.3% compared to the previous quarter. A preliminary assessment was 9.1%, thanks to the improvement the growth of Singapore’s GDP in 2016, revised from 1.5% to 2%.
On Friday, the cheaper the shares of Japanese companies in real estate, energy and automotive industries.
The price of securities of the developer Mitsui Fudosan fell by 3.2%, oil company Inpex – 0.7% Suzuki Motor – on 2%.
Quotes Samsung fell 1% after the Seoul district court upheld the prosecution’s request to arrest the Chairman and de facto head of Samsung Electronics Lee Jae-Yong in connection with the corruption scandal.