Asian markets have posted the largest decline in five weeks today on concerns about Chinese credit and tension in the Ukraine. The crisis in eastern Europe has caused the yen to surge as investors seek a safe haven asset. This has reduced the overseas income of large Japanese exporters, pushing equities down. As for China, aggregate financing has decreased due to a crackdown on shadow lending, causing investors to be a little pessimistic about the strength of the second largest economy. Keep in mind, this is in addition to a recent drop in exports. Thus, it is not surprising that Asian indices are falling, with the Nikkei closing down 2.59%, the Hang Sang closing down 1.65%, and the ASX 200 closing down 0.55%.
European markets went down today as well due to tension in Ukraine. Today, the G7 group of nations warned Russia against annexing the Crimea – revealing that the situation in Eastern Europe is unlikely to be resolved soon. Further pushing down equities were large stake sales from major companies such as Valeo SA and Moeller-Maersk. At the end of the session,the Stoxx 50 was down 0.88%, the FTSE was down 0.97%, and the DAX was down 1.28%.
American markets have fluctuated as investors contemplate the effects of an economic crisis in China and a political crisis in the Crimea. Though some sectors of the market have continued to rise in the wake of better Nonfarm Payrolls data from last week, the aforementioned concerns have kept gains limited. Essentially, investors are focusing more on safe haven assets for now until the global political situation clears up. The Dow has gone down 0.07%, the S&P has gone up 0.03%, and the Nasdaq has gone up 0.37%.
March 12, 2013 – Indices News
Asian markets have posted the largest decline in five weeks today on concerns about Chinese credit and tension in the Ukraine. The crisis in eastern Europe has caused the yen to surge as investors seek a safe haven asset. This has reduced the overseas income of large Japanese exporters, pushing equities down. As for China, aggregate financing has decreased due to a crackdown on shadow lending, causing investors to be a little pessimistic about the strength of the second largest economy. Keep in mind, this is in addition to a recent drop in exports. Thus, it is not surprising that Asian indices are falling, with the Nikkei closing down 2.59%, the Hang Sang closing down 1.65%, and the ASX 200 closing down 0.55%.
European markets went down today as well due to tension in Ukraine. Today, the G7 group of nations warned Russia against annexing the Crimea – revealing that the situation in Eastern Europe is unlikely to be resolved soon. Further pushing down equities were large stake sales from major companies such as Valeo SA and Moeller-Maersk. At the end of the session,the Stoxx 50 was down 0.88%, the FTSE was down 0.97%, and the DAX was down 1.28%.
American markets have fluctuated as investors contemplate the effects of an economic crisis in China and a political crisis in the Crimea. Though some sectors of the market have continued to rise in the wake of better Nonfarm Payrolls data from last week, the aforementioned concerns have kept gains limited. Essentially, investors are focusing more on safe haven assets for now until the global political situation clears up. The Dow has gone down 0.07%, the S&P has gone up 0.03%, and the Nasdaq has gone up 0.37%.
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