MSCI Asia Pacific Index decreased 0.4% today

Written by admin on February 11th, 2010

Deferred due to come on Monday the day off growth in the U.S. market did not receive support in Asia, where due to restrictions on lending imposed by the Government of China, continued to decline.

opened after a long weekend of the U.S. stock market has demonstrated advanced dynamics, playing increased speculative interest in risky assets at the beginning of the week. The Dow rose 1.09% to 10,725.43 subsection, SP - on 1,25% to 1,150.23 p. One of the most powerful factors supporting the market were the prospects of receiving additional Republicans to vote in elections in Massachusetts, which can destroy Obama plans to reform the health system. As a consequence, in the pharmaceutical sector began to rally. Report Citigroup, reported the loss of $ 7.6 billion in the fourth quarter, coinciding with market expectations and suspended the sale of shares of the financial sector. Also it is necessary to provide a good momentum in the technology sector, which after the release of positive statistics Intel, investors have high expectations.

In Asia, meanwhile, the leading index continued to fall. MSCI Asia Pacific Index decreased 0.4% today. One of the main reasons were the restrictions imposed by the Chinese government on lending, designed to prevent the formation of bubbles in the economy and contain the crisis of overproduction. In particular, thecdfCentral Bank of China today issued several regulations on banks need to increase capital. Despite the fact that the growth of Chinese economy in the IV quarter could reach 10.5%, investors are concerned that the measures taken by the authorities may lead to slower growth in the region of the main, if not the world"s economic engine. The worsening economic expectations naturally led to sales of commodities and assets of investors in the quality of care, contributing to the strengthening of the dollar.

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