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Friday, March 25, 2016

Anxious investors continue to sell shares of Asian


Japanese share Image copyright AFP

Asian markets extended their losses on Tuesday after a 7% dive in mainland China shares on Monday caused the stock sale worldwide.

Japan's Nikkei 225 index fell 0.4% to 18,371.29, while the S & P / ASX 200 in Australia fell 1.1% to 5,213.60, while South Korea's Kospi lost 0.3% to 1,912.43.
Trading on the Shanghai Composite was suspended at the beginning of the previous session after it fell by 7%, triggering a new mechanism for the circuit breaker.
The move spooked global markets.

Overnight, US stock indices lost up to 2% as fears grew that the immersion in Chinese stocks was the beginning of another volatile period after the dramatic market rout last summer.

Adding an escalation of tensions in the Middle East, oil prices also dented investor confidence.
Oil prices were flat after rising as much as 4% compared with the brewing dispute between Saudi Arabia and Iran.

In South Korea, a senior finance ministry official said that if necessary, after a steep dive on Monday that the government will take measures to stabilize the situation on the market.

According to analysts, investors expect to see if Beijing can stop the last sale in Chinese stocks and additional measures will be introduced there.

Rule breaker, which has suspended trading all over the country for the first time on Monday, was created after a sharp fall last summer and was intended to contain the volatility of the market in China.

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