It should be recognized that a
variety of positive data last week were able to be a tail wind that pushed
stock indexes rise and now it seems the wind has changed direction. Markets
fluctuate despite the uncertain direction of the trade.
On Wednesday (03/09/2016) Asian
Stocks tend to move down the continuing decline in the previous and following
the results of trading on Wall Street. Japanese shares be driving today's
decline is influenced by sentiment renewed concern over the statements
regarding the condition of the global economy, and encouraged investment
security needs, thereby suppress the price of a commodity, too.
Japanese TOPIX index declined 1%
while the mining sector became the main driver of this decline. Copper
commodity prices in futures trading continued price decline by selling amid the
rise of the metal industry today. Crude oil prices still trading below $ 37 per
barrel. The Australian dollar was depreciated while the Japanese yen rose for a
third day on the dollar and Euro this.
After three weeks the increase in
the stock market occur and is able to return nearly $ 5 billion of funds
previously losers of global decline in equity values, this reduction makes
sense technically. Correction shortly after a rally that long to find a new
balance while waiting for the latest economic data, particularly regarding Japan
and China. In addition, the market's attention is also focused on what steps
will be taken either by the European Central Bank (ECB) or the Bank of Japan
and even the Federal Reserve will be announced in a week. Many opinions assess
the decline in China's stocks have shaved at least 0.3% of the national growth
of the Bamboo Curtain country.
Yesterday, the Chinese economic data
into the limelight of global market participants as an indication of the
current international economic view. The next market movement trend is
continuing what effect, if initially the upward then will rise and vice versa.
In other words, the market conditions relatih secure to perform transactions.
After reporting a contraction in GDP in the fourth quarter at the end of yesterday's
trading session, Japan reported the latest data query engine, while from China
awaited news of the event National People's Congress (NPC).
Read also Influences Directions politicization US Dollar Index and Gold
The MSCI Asia Pacific index dropped
0.8 percent this morning to try to establish the lowest trading level since March
2 yesterday. Trade influenced the collapse of exporters were down 1.7% on the
Japanese TOPIX index. The Kospi index fell 0.1% and the MSCI World Index was
down 0.2. The index S & P / ASX 200 of Australia, where the mining sector
recorded the second largest after the banking sector, reportedly did not
experience perbahan, only a small down 0.5%.
Index futures exchanges of Hong
Kong, the Hang Seng and the Hang Seng China Enterprises Index dropped 0.2%
respectively. Shanghai's Composite index ended up 0.1% yesterday although it
had fallen 3%. The index Standard & Poor's 500 and the Dow Jones flat
course. The index S & P 500 was down 1.1 percent after touching its highest
level since 5 January. Driven by falling stocks of raw materials amounted to 2%
and the energy sector. Crude oil fell for the first time since the three-day,
3.7 percent to the price of $ 36.50 per barrel after briefly made the most
expensive price in two months, the fall in crude oil prices triggered by the
increase in US crude reserves.
In currency trading, the yen rose
0.2% to 112.45 per dollar, and rose 0.3% to 123.64 on the Euro. Currency
usually moves in line with movements in its stock index, is now a star among
the other currency pairs this year. Meanwhile The Australian dollar fell 0.2
percent to 74.27 US Sen, tercata as penrunan streak in two days. Bloomberg The
dollar index did not change much after rising 0.2% in the previous session
after a six-day turn.