Most Asian stock indices are trading in the red zone. Economic stats form China suggests economic slowdown. Another bearish factor is the Spanish issue: It is still unclear whether Spain will get a loan to recapitalize its banking system.
The current market situation looks as follows:
· MSCI Asia Pacific: -0,4% down to 121,46
· Nikkei 225: утратил 0,42%
· Kospi: -0,02%
· S&P/ASX 200: + 0,04%. The increase was caused by the RBA’s decision to cut the key interest rate down to 3.25% (the lowest level since 2009).
· Toyota Motor Corp: +0,4%
· Honda Motor Co: -1%
· Nissan Motor Co: - 2,2%
· Cathay Pacific Airways Ltd: -2,9%
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225:
