Bags still falling. Thud Tokyo: -3%. Sink lists Chinese – The Messenger

Bags still falling, after the slip on Thursday. Milan has opened retreating still weighted by fears about China. Collapse lists of Shenzhen and Shanghai -4.2% -5.4%. Investors around the world Temenus that a slowdown in China may curb global economic growth. The FTSE MIB has reduced losses compared with the start but remains in the red. The spread worsens, reaching 128 basis points, an increase of 4 basis points compared to the previous value.

Among the European markets, Frankfurt, London and Paris yield around 1 percent. Minus sign for the Milanese listing, which continues the wake bearish represented by four consecutive declines.

The only blue chip Milan positive Saipem, an improvement of 0.81%. In a letter BPM -3.52% -3.33% and Azimut. Under pressure luxury stocks on fears of a decline in exports to China. Cala Luxottica, a decrease of 2.52%. Sales handful of Yoox, which suffers a decrease of 2.30%.

Japan The fears about the economy and the financial turmoil in China also weighed on the stock exchange Tokyo ending the session with a thud of 2.98%, the Nikkei index yields 597.69 points and slipped to below 20,000 for the first time since mid-July, to a height of 19,435.83.

China The Shanghai Composite Index closed down 4.27% to reach the minimum of forty days, in the wake of the alarming data on the index of China manufacturing PMI, fell to a minimum of six and a half years . According to rumors in the press, the Chinese authorities would intervene in the final minutes of trading for groped to limit the fall of the price lists, which continue to reflect concerns about a sharp slowdown in the second economy in the world.

Meanwhile, the yuan , back from two weeks coaster in the slipstream of the three write-down from the bank cnetrlae Beijing and a subsequent upward adjustment, continues to lose ground against the dollar now trading at 6.3904 despite the Central Bank has indicated a fixing of 6.3864 . These days the monetary authorities of the Dragon are trying to run for cover through massive injections of liquidity into the system.