Today, on August 01, Asian exchanges have opened in the red zone. Such failure of Asian-Pacific market has been caused by weak statistics about Chinese production sector and export of South Korea. Indexes have gone down for the first time in five trading sessions.
MSCI Asia Pacific Index has dropped by 0.5 percent, to 118.1. During July it has risen by 1.3 percent.
Nikkei 225 has dropped by 1 percent, Australian S&P/ASX 200 and South Korean Kospi have lost 0.2 percent each. Chinese index Shanghai Composite managed to grow, hoping that the country’s government will take stabilization measures in the situation of weak statistics.
The shares of electronic giant – South Korean Samsung Electronics Co. have dropped by 1.5 percent, whereas the shares of its rival LG Electronics have dropped by 0.8 percent. Japanese large autocenter Honda Motor Co has lost 5.3 percent.
experts on Nikkei 225 index: the lines of Japanese are symmetric. However, price consolidation may be predicted for today within [a][b][c] zigzag. It is also worth paying attention to volumes when rising to points 8736 and 8574.
