Most Asian stock indices are trading in the red zone again. It seems like the entire week may be bearish for them.
The current market situation looks as follows:
· MSCI Asia Pacific: - 0,4 % down to 134,79.
· Hang Seng and Kospi: -0,7%.
· Taiex: -0,4%.
· S&P/ASX 200: -1,1%.
A the same time, the stock of New World Development Co. , a major Chinese construction company, is down by 3.6%. China Overseas Land & Investment and Sun Hung Kai Properties and have lost 2,1% and 3,9% correspondingly.
At the same time, Nikkei 225, the Japanese stock index, is up by 0.4% thanks to the fact that the upper chamber of the Japanese parliament has voted for Haruhiko Kuroda as the new governor of the Bank of Japan. The upper chamber is expected to cast their votes on Friday.
