RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2021-03-02 12:15:00

ASIA INDEXES DOWN

ASIA INDEXES DOWN

REUTERS - MARCH 2, 2021 -  Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment.

European markets appeared set for a lower open with Euro Stoxx 50 futures down 0.38% and London’s FTSE dropping 0.4%. Those of Germany’s DAX fell 0.49%.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.33%, giving up early gains. Japan’s Nikkei was down 0.85% as some investors booked profits on defensive energy and utility shares before the end of the fiscal year this month.

Australian shares ended marginally lower on Tuesday as the market appeared to show a muted response towards the central bank’s decision to stand pat on interest rates, as expected.

The S&P/ASX 200 index fell 0.4% to 6,762.3 at the close of trade, having risen as much as 1% during the session.

Shares in mainland China and Hong Kong reversed course to trade lower in the afternoon session after a top regulatory official expressed concerns about the risk of bubbles bursting in foreign markets, and said Beijing is studying effective measures to manage capital inflows to prevent turbulence in the domestic market.

“Financial markets are trading at high levels in Europe, the U.S. and other developed countries, which runs counter to the real economy,” Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, told a news conference.

Chinese blue-chips dipped 1.78% while Hong Kong’s Hang Seng lost 1.45%.

Investors now eye China’s annual session of parliament beginning on Friday, which is expected to chart a course for economic recovery and unveil a five-year plan to fend off stagnation.

U.S. stocks rallied overnight, with the S&P 500 posting its best day in nearly nine months, as bond markets calmed after a month-long selloff.

“Risk appetite returned to markets as investors shook off worries of higher interest rates and focused on the recent strength in the manufacturing data,” wrote ANZ analysts in a research note.

U.S. stocks were roiled last week when a sell-off in Treasuries pushed the 10-year Treasury yield to a one-year high of 1.614%. The 10-year yield was edging lower in after trade at 1.4119%.

Bitcoin fell 1.93% to $48,669 after rising nearly 7% on Monday after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade.

However, demand for riskier assets did not slug the dollar, usually regarded as a safe-haven currency, as investors bet on fast growth and inflation in the United States. The U.S. dollar index gained 0.207% in afternoon trade against a basket of currencies to stand at 91.205, within sight of a three-week high hit overnight.

The Australian dollar was down 0.14% at $0.7758 after the RBA meeting.

A stronger greenback weighed on gold, and the precious metal was on the defensive at $1,715.8400 an ounce on Tuesday.

The exuberance in risk assets did not help energy markets. Oil prices fell more than 1% overnight after data showed China’s factory activity growth slipped to a nine-month low in February, owing in part to disruptions over the Lunar New Year holiday. There were also fears among energy investors that OPEC may increase global supply following a meeting this week.

Brent crude fell 1.35% to $62.83 a barrel, while U.S. West Texas Intermediate crude lost 1.34% to $59.83.

-----


Earlier:

ASIA INDEXES DOWN
2021, February, 26, 11:40:00
CHINA INDEXES DOWN
The blue-chip CSI300 index fell 2.4% to 5,336.76, while the Shanghai Composite Index dropped 2.1% to 3,509.08 points.
ASIA INDEXES DOWN
2021, February, 16, 12:10:00
JAPAN INDEXES UP
The Nikkei 225 Index ended up 1.28% at 30,467.75, closing at its highest since August 1990.
ASIA INDEXES DOWN
2021, February, 10, 11:40:00
CHINA INDEXES UP AGAIN
The CSI300 index rose 1.7% to 5,781.43 points at the end of the morning session, the highest since Oct. 18, 2007, while the Shanghai Composite Index gained 1.0% to 3,640.65 points.
ASIA INDEXES DOWN
2021, February, 8, 12:35:00
CHINA INDEXES UP
The blue-chip CSI300 index rose 1.5% to 5,564.56, while the Shanghai Composite Index added 1% to 3,532.45 points.
ASIA INDEXES DOWN
2021, January, 21, 14:20:00
CHINA INDEXES UP AGAIN
The blue-chip CSI300 index rose 1.6% to 5,564.97, while the Shanghai Composite Index added 1.1% to 3,621.26.
ASIA INDEXES DOWN
2020, December, 18, 11:45:00
ASIA SHARES DOWN
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.6% from Thursday’s record. Mainland Chinese shares fell 0.4% while Hong Kong’s Hang Seng lost 1%.
ASIA INDEXES DOWN
2020, December, 16, 12:25:00
ASIA STOCKS UP
China’s blue-chip CSI 300 index added 0.15% and Hong Kong’s Hang Seng index climbed 0.86%.
All Publications »
Tags: ASIA, INDEXES, SHARES, STOCKS, BONDS
Chronicle:
ASIA INDEXES DOWN
2022, July, 6, 10:59:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
ASIA INDEXES DOWN
2022, July, 6, 10:58:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
ASIA INDEXES DOWN
2022, July, 6, 10:55:00
S.KOREAN NUCLEAR POLICY
"it is imperative that new energy policy goals and directions are set so as to better accomplish carbon neutral government projects and the expansion of nuclear power."
ASIA INDEXES DOWN
2022, July, 6, 10:50:00
RUSSIAN NUCLEAR FOR ARMENIA
The joint working group was chaired by Armenia’s Deputy Minister of Territorial Administration and Infrastructures, Hakob Vardanyan. The Russian delegation was headed by Viktor Kolesnikov, project manager and Advisor to the President of Rusatom Energy Projects.
ASIA INDEXES DOWN
2022, July, 6, 10:45:00
IRANIAN NPP 360 MW
At the moment, the only functioning nuclear power plant in Iran is the first stage of the Bushehr NPP, built with Russian assistance.
ASIA INDEXES DOWN
2022, July, 5, 12:35:00
OIL PRICE: BRENT NEAR $113, WTI ABOVE $109
Brent fell by 60 cents, or 0.5%, to $112.89 a barrel, WTI climbed $1.13, or 1.1%, to $109.58 a barrel.
ASIA INDEXES DOWN
2022, July, 5, 12:30:00
RUSSIA, INDIA: RELIABLE PARTNERS
Many of our companies, including energy companies, are operating in Indonesia. There is interest in developing the national nuclear power industry.
All Publications »