Shares “big” Chinese real estate Evergrande “evaporate” 15%
Asia’s major stock indexes were all red in the morning session of October 14 while investors waited for the speech of Chinese President Xi Jinping.
|China’s Shanghai Composite Index fell 0.5% in the morning session of October 14. Photo: AFP|
Chinese stocks dyed red at the beginning of the session, with the Shanghai Composite Index lost 0,5% when Shenzhen Component slid deeper 0,56%.
On the Hong Kong market, cHang Seng index down 0.34%. Notably, cballot ballot China’s leading real estate corporation, China Evergrande Group, listed in Hong Kong slopes down 15% after this business notification issue shares with an estimated deposit $ 4.3 billion Hong Kong (555 million USD).
Before that, China Evergrande Group said it plans to raise $ 1.1 billion from the issuance share. China Evergrande Group recently became the focus of scrutiny for Chinese and regional investors after the information leak that the corporation sent a letter to Guangdong provincial authorities (China) “lament” about the risk of running out of money and the risks related to the debt of more than 835 billion yuan.
In Japan, the Nikkei 225 index fell 0.18% while Topix to slide 0.5first%. Red also covered the market Koreac with cindex Kospi died 0.64%. After the uptrend of the region, Australian stocks this morning turned red, with index S&P / ASX 200 down 0.15%.
In Southeast Asia, the Straits Times index of the Singapore reduction 0.44% when the estimate Officially showed the country’s economy in the quarter III / 2020 failure reduction next 7% compared to same period last year.
Overall, the MSCI index area cAsia – Pacific Ocean (except Japan) this morning slumped 0.11%.
Investors are waiting for the speech of the Chairman China Xi Jinping at its 40th anniversary Shenzhen Special Economic Zone expected to take place today, according to Xinhua News Agency.
Tstate media China day 11/10 news of this country is already “announced a new comprehensive reform plan for Shenzhen”, giving local authorities a “greater and more direct voice in business” in aspects, single-task implementation economic reform as a rule market.
Stocks partner of Apple In Asia this morning followed closely after the US technology giant revealed on October 13 latest iPhone product line (iPhone 12). In Japan, Taiyo Yuden shares slide to 0,ninety four% when share Murata Manufacturing decreased by 0,63%, tstock back LG Display of South Korea increased 1.86%. Cin Taiwan, cLargan Precision ballot ballot reach 1.18% increase while Semiconductor TSMC shares fell 0.97%.
US stocks night through simultaneously “red fire”. Index average cMr. Dow Jones lost 157.71 points, or 0.6%, still 28,679.81 point. S&P 500 index closed down 0.6% down 3,511.93 point, while the index favored Nasdaq Composite technology to slide 0.1% still 11,863.90 point.
The US stock market “turned red” after adverse developments related to therapy treat the patient Covid-19. American officials recently suspended the trial of antibody therapy Covid-19 of the pharmaceutical company Eli Lilly due to safety concerns. Before, testing process vaccine against Covid-19 by Johnson & Johnson also is paused after one personal join experiment have an unexplained illness.
On the money market, cUS dollar index against other strong currencies inched up 93,554, from the level 93.3 establish the beginning of the week. Yen The transaction was stable around the level 105.32 JPY / USD, and USD la Australia slipped slightly to 1 AUD /0.7162 USD.
Oil prices on the Asian market shining now declines. GBrent crude oil price delivery term decreased 0,33% to 42.3first USD / barrel while oil prices rough US futures slippage close to the button 0,32% about 40,07 USD / barrel.