Most Asian markets fell yesterday Monday February 1 on concerns China will act to rein in credit and slow growth after a survey showed manufacturing activity expanded at a record pace in January.
TOKYO: Stocks ended mixed as the car sector remained under pressure following safety recalls by Toyota and Honda.
The benchmark Nikkei-225 index rose 6.98 points, or 0.07 per cent, to 10,205.02.
HONG KONG: Shares rose 0.61 per cent yesterday, reversing early losses on bargain hunting while mainland Chinese markets were hit by fears of credit tightening.
The benchmark Hang Seng Index added 121.76 points to end at 20,243.75
Analysts said the market would remain volatile because of concerns over further loan restrictions in China following massive lending in January.
SINGAPORE: Stocks extended their downtrend yesterday, after a 0.45 per cent loss on Friday.
The Straits Times Index closed 0.33 per cent or 9.18 points lower at 2,736.17.
Among blue chips, Singapore Airlines rose 4 cents to S$13.86 but DBS Group dropped 12 cents to S$14.16.
SHANGHAI: Chinese shares closed down 1.60 per cent as sentiment remained weak over concerns of further loan restrictions later in the year, dealers said.
The Shanghai Composite Index was down 47.93 points at 2,941.36.
“Investors remained worried that the authority may continue to tighten credit on news that new yuan loans in January continued to expand,” said Cao Xuefeng, an analyst from Hua Xi Securities.
SYDNEY: Share prices closed down 1 per cent after the release of the Chinese manufacturing figures.
The benchmark S&P/ASX200 index fell 45.5 points, or 1 per cent, to 4,524.1 points, while the broader All Ordinaries index shed 52.1 points, or 1.13 per cent, to 4,544.8 points.
“The market significantly outperformed leads early on, however, as soon as Asian markets opened, the selling resumed and accelerated after the Chinese numbers,” IG Markets research analyst Ben Potter said.
In other markets:
SEOUL closed 0.25 per cent higher on buying by retail investors. The benchmark Kospi gained 4.01 points at 1,606.44.
TAIPEI closed down 115.77 points or 1.52 per cent to 7,524.67.
BANGKOK closed up 1.06 points or 0.15 per cent at 697.61.
MANILA closed 2.37 per cent lower amid fears the central bank was about to end an expansionary monetary policy, dealers said. The composite index lost 69.98 points to 2,883.21, its lowest level in nearly three months.
JARKARTA lost 23.24 points or 0.89 per cent to 2,587.54, weighed down by a weak rupiah and falls in most Asian markets.
MUMBAI ended flat in choppy trade . The 30-share benchmark Sensex closed down 1.93 points or 0.01 per cent at 16,356.03, off the day’s low of 16,160.8.
VIETNAM: The index of Hochiminh Stock Exchange (STC) gained another 4.99 points or 1.04 percent to end at 486.95 pts. The transaction remained gloomy when the liquidity decreased against previous session. Total trading volume reached 20.69 million shares worth 836 billion dong, down 14.4 percent in volume and 12.1 percent in value in comparison with previous session.
Similarly, the HNX Index also gained another 0.88 points or 0.55 percent to 161.23 pts with the total market trade of 13.10 million shares worth over 420 billion dong, falling over 19 percent in both volume and value against previous session.
EUROPE: European shares closed higher yesterday as strong manufacturing data from the US reinforced the view that the economy was on the mend, boosting banking stocks, while miners rose on firmer metals prices.
The pan-European FTSEurofirst 300 index closed 0.5 per cent higher at 1,017.30 points, rebounding from losses earlier in the session.
Banks were among the biggest gainers on the index.
Across Europe, the London FTSE 100 index of leading shares gained 1.14 per cent to 5,247.41 points.
In Frankfurt, the DAX 30 was up 0.81 per cent at 5,654.48 points while in Paris the CAC 40 added 0.60 per cent to finish at 3,762.01 points.
AMERICA: The Dow rose 118.20, or 1.2 percent, to 10,185.53, its biggest gain since Jan. 4. The broader Standard & Poor’s 500 index rose 15.32, or 1.4 percent, to 1,089.19. The Nasdaq composite index rose 23.85, or 1.1 percent, to 2,171.20.
Bond prices fell, pushing yields higher. The yield on the benchmark 10-year Treasury note rose to 3.66 percent from 3.60 percent late Friday.
The dollar mostly fell against other major currencies, while gold rose.
Crude oil rose $1.54 to $74.43 per barrel on the New York Mercantile Exchange.
More than three stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume came to 4.2 billion shares compared with 5.7 billion Friday.
The Russell 2000 index of smaller companies rose 7.21, or 1.2 percent, to 609.25.
Benchmark Currency Rates USD EUR JPY GBP CHF CAD AUD HKD HKD 7.7677 10.8152 0.0856 12.3906 7.3497 7.3182 6.9222 AUD 1.1221 1.5624 0.0124 1.79 1.0618 1.0572 0.1445 CAD 1.0614 1.4779 0.0117 1.6931 1.0043 0.9459 0.1366 CHF 1.0569 1.4715 0.0117 1.6859 0.9957 0.9418 0.1361 GBP 0.6269 0.8729 0.0069 0.5932 0.5906 0.5587 0.0807 JPY 90.71 126.299 144.696 85.8289 85.461 80.8362 11.6779 EUR 0.7182 0.0079 1.1457 0.6796 0.6767 0.64 0.0925 USD 1.3923 0.011 1.5952 0.9462 0.9421 0.8912 0.1287 Bloomberg