The fall in the stock pads APR on Wednesday due to weak reporting companies

Written by admin on August 12th, 2009

Stock Indexes in Asia Pacific fell on Wednesday for the first time in three sessions, since the publication of weak accountability of companies, investors returned to the idea that stocks in Asia-Pacific region too went in the 5-month growth of quotations, reported Bloomberg.

largest manufacturer of trucks, pickups in China's Great Wall Motor Co. announced a reduction of net profit for the first half by 36%. Leading Australian company housing Stockland has recorded a net loss on the basis of the fiscal year.

Composite Stock Index MSCI Asia Pacific region dropped from the opening bid at the 1% - to 111.65 points.

Japanese Nikkei fell by 1.2%, Hong Kong Hang Seng - at 1.9%.

Chinese Shanghai Composite index lost 2.4% after the Ministry of Commerce of China announced that the Government's efforts to strengthen domestic demand can not fully offset the decline in exports.

After such a crisis that happens once in a century, investors are experiencing the devastation. Present value of the shares too high, - a senior analyst believes Toyota Asset Management Co. Masaru Hamasaki.

Quotations Great Wall of securities fell by 5%.

Papers Dongfeng Automobile Co., producing light trucks in China together with Japan's Nissan, lost in the price of 3,6%, as its revenues in January-July fell by 3.8%.

Shares

Stockland cheaper at 2.4%. Loss developer involved in the write-off caused by the decrease in value of fixed assets.

Price

securities Ascendas Real Estate Investment Trust fell to 5.7% in the bid in Singapore after the company sold new shares at a discount.

stocks Commonwealth Bank of Australia rose by 2.6% due to a positive financial report than expected.

value of the shares the third-largest mining company Rio Tinto the world fell by 0.6% after the Chinese news agency Xinhua reported that four employees were arrested on suspicion of industrial espionage.

Results

-thirds of the 457 companies list MSCI Asia Pacific, published quarterly reporting have exceeded expectations of analysts, data on profits 17% of corporations have worse prognosis.

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