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The first day of operations in July the Asian stock markets ended their operations in negative territory, the Tokyo and Shanghai markets causing losses of more than 2%, the war United States persistent trade against China, Canada, Mexico and the European Union.
Investors are scared ahead of the July 6 deadline, when the United States is expected to impose additional duties on the $ 34 billion worth of Chinese goods at the epicenter of a bitter dispute between Washington and the major economies that has convulsed the financial markets.
The CSI300 benchmark of the main shares listed on the Shanghai and Shenzhen markets lost 2.93%, while the Shanghai Composite Index fell 2.52%.
On the foreign exchange market, the yuan, which has just crossed the worst month of its history, lost more ground against its American pair and traded on Monday at 6 thousand 6549 units per dollar, against 6 miles 6225 units Friday
The Tokyo Stock Exchange, fell to a two-and-a-half-month low, weighed down by the sharp decline in Chinese stock markets, which also led Japanese investors to shed long positions.
The Nikkei lost 2.2% to 21,811.93 units, its lowest level since April 13th. The benchmark has also experienced its highest percentage of daily reduction since mid-March.
Meanwhile, the first section of the price index (Topix) lost 35.60 points and stood at one thousand 695.29 units, while the second section subtracted 98.64 points and was placed at 7,259.18 units.
The Japanese market started the day in red but the trend towards liquidation accelerated after the Shanghai Stock Exchange erased all of its gains on Friday.
Investor confidence had already been affected by the "Tankan" survey, which gauges the confidence of the Japanese manufacturing industry and showed its worst reading in three months in June.
The quarterly Tankan Bank of Japan survey revealed Monday that business confidence among leading Japanese manufacturers has deteriorated in June compared with the previous survey.
The central bank conducts the survey of more than 10 thousand companies from all over the country, collecting their opinion on the state of affairs, NHK said.
The confidence of large manufacturing firms is 21 points, three points lower than that of the previous survey and the second consecutive decline.
For its part, the Singapore Stock Exchange finished down 0.91%, with its Straits Times index at 3 thousand 268.70 units; while the Kospi index of the Seoul Stock Exchange fell 2.35 percent, to 2 thousand 326.13 units.
The Hong Kong market remained closed for a local holiday.
With information from Reuters and Notimex. [19659016]
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