The stock market indexes in Asia and the Pacific region remained negative territory for the fifth session today because of concerns about Debt Crisis in Europe and the imposition of additional restrictions in Germany on securities trading in financial markets. The regional MSCI Asia Pacific Index fell 1.8 percent to 112.69 points and is on track to finish the session at its lowest level since the beginning of September 2009, according to Bloomberg. Regional stock measure goes down rapidly in the last month, having completed all sessions of decline since the beginning of May, not two. Regional economic data today showed that Japan’s economy has surged for the fourth consecutive quarter, which, however, was weaker than expected amount of 1.2% quarterly and 4.9% of equated to annual basis. Meanwhile, Singapore has announced record growth of 38.6 percent on an annual basis aligned to the base. Nevertheless, the exchange in Tokyo the Nikkei 225 fell by 1,5% to 10 030.31 points and the Singapore Straits Times index major retreat by 0,4% to 2 763.89 points. Most among national indexes in the region, however, lower South Korean Kospi, which lost 1.8 percent to 1600 points. This gave rise to the news that South Korea has accused its northern communist neighbor that has sunk its warship in March with a torpedo.
Asian investors remained cautious exchanges because of yesterday’s surprise decision to ban Germany uncovered short sales of the largest banks and insurers in the country to Mar. 2011, and speculation with swaps for protection against default of the euro area. Rising raw materials failed to support the mining companies on the stock exchange in Sydney, which are among the best losers in this month because the Australian Government’s intentions to raise taxes on their profits. Australian index of blue chip S & P / ASX fell 200 by 1,6% to 4316 points, while New Zealand’s NZX 50 fell by 0,3% to 3 111.42 points. Wide Chinese Shanghai Composite Index ended the session with a decline of 1.2% to 2 555.94 points and Hong Kong Hang Seng retreated by 0.2% to 19 545.83 points worries that the appreciation of the dollar and the debt crisis in Europe will slow the growth of Chinese economy. China’s currency is pegged to the U.S. dollar, which means that exports of local producers around the world without the United States, more expensive with U.S. money.