{"id":40354,"date":"2013-07-26T04:22:59","date_gmt":"2013-07-26T08:22:59","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=40354"},"modified":"2013-07-26T04:22:59","modified_gmt":"2013-07-26T08:22:59","slug":"most-stocks-in-asia-opens-red-as-china-worries","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/26\/most-stocks-in-asia-opens-red-as-china-worries\/","title":{"rendered":"Most stocks in Asia opens red as China worries"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Most of the stocks in the Asian market was seen closing in red for the third day in row on Friday , while Japan\u2019s consumer prices advanced beyond expectation for the first time since April last year . China has announced the new rules which are expected to reduce excess factory capacity.<\/p>\n

However, the decline of the ongoing earning season, have raised concerns from investors as they worry the Japanese stocks will weigh down.<\/p>\n

The Japanese yen advanced, adding pressure on the stock in Japan as the two usually reversely correlate.<\/p>\n

The Japanese benchmark Nikkei 225 declined 2.97%, closing at 14,129.98.91, while the Tokyo\u2019s broader Topix gauge dropped 2.9%, closing at 1,167.06.<\/span><\/p>\n

The Hong Kong Hang Seng traded flat, with a minor rise of 0.10% to 21,926.41. The Chinese mainland Shanghai composite declined further by 0.26% to 2,015.72.<\/p>\n

South Korean Kospi edged up 0.06% higher to 1,910.81 on Friday, while the Australian S&P\/ASX 200 index advanced 0.13% to 5,042.00.<\/p>\n

Japan\u2019s Consumer Price index (CPI) for the month of June ,showed an upbeat result for the first time since April last year , with a rise in prices since mid-2011.<\/p>\n

The core CPI rose by 0.4% in June, according to the Statistics Bureau in Tokyo. While the figures exceeded predictions of an increase of 0.3% for the month of June. However, current figures are still below the 2% target made by the Bank of Japan (BoJ).<\/p>\n

“Japan is gradually shifting to inflation from deflation,” Japan’s Finance Minister Taro Aso said confidently following the readings that “CPI data shows the overall trend is improving little by little.”<\/p>\n

While in China , investors continues to worry about the Chinese economy , as the Chinese Ministry of Industry and Information Technology ordered more than 1,400 companies in 19 industries to decrease their excess capacity by September this year .<\/p>\n

On Thursday, the preliminary Purchasing Managers Index indicted that the Chinese factories are trapped with contraction due to the fall in the contraction territory in July.<\/p>\n

The Chinese leadership announced on Wednesday, that the railway development project along with a reform is aimed to improve the business for small companies and reduce fees for exporters.<\/p>\n

The post Most stocks in Asia opens red as China worries<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Most of the stocks in the Asian market was seen closing in red for the third day in row on Friday , while Japan\u2019s consumer prices advanced beyond expectation for the first time since April last year . China has announced the new rules which are expected to reduce excess … <\/p>\n

Continue reading “Most stocks in Asia opens red as China worries”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40354","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=40354"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40354\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=40354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=40354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=40354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}