Bags, about-face in Asia: Tokyo yields 2.35%, Shanghai falls 6.4% – Il Sole 24 Ore

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This article was published on 26 January 2016 at 07:20.
The last change is the 26 January 2016 at 08:33.

TOKYO – New-face for the Asian markets, in parallel to a return of weakness oil prices (back down below 30 dollars per barrel), which raises concerns over global growth and has pushed back yesterday Wall Street. In Tokyo the Nikkei index began with a fall of more than 2% and it ‘then swung always marked decline up to close in negative 2.35% to 16,708.9 points, while the yen and’ returned to strengthen slightly on the dollar. Pressure on financial stocks and the automobile, while shares of Toshiba fell to its lowest since 1980 on rumors that extraordinary costs will be accounted for about 160 billion yen relative to the US division Westinghouse.
Investors keep a great attitude cautious in anticipation of the two-day meeting of the Federal Reserve that begins today: more ‘new decisions, you scrutinera’ every indication of language that can offer some light on the future pace of the ongoing maneuver in normalization of interest rates by the central institute American.

There ‘expectations for the decisions of the Bank of Japan, expectations for Friday’. The minister of economic and fiscal policies Akira Amari pointed out that, unlike the European Central Bank, the Bank of Japan tend not to report to the market ahead of its moves. Bitter, however, and ‘under fire for the emergence of a scandal of irregular funding that could force him to resign Thursday’ give ‘his explanations end.
Meanwhile, after the first (China), also the fourth largest economy Asian undergoes a sensitive braking: the GDP of South Korea in the fourth quarter and ‘rose only 0.6% on the previous quarter, slightly below expectations, Throughout 2015, the growth of Seoul and’ slow to 2.6%.

The Shanghai Stock Exchange this morning closed down 6.15%. It is “panic selling” despite the Chinese central bank has injected $ 67 billion into the financial system through mechanisms of short-term financing to avoid a possible liquidity crisis close to the holidays for the Lunar New Year. The new drop in oil prices, the closing down of Wall Street and the wait for the start of the Chinese holidays prompted investors to sales.

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