New storm on the Asian markets. Chinese squares still suspended for excessive downward, Tokyo yields 2.3% – Il Sole 24 Ore

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This entry was posted on January 7, 2016 at 7:14.
The last change is the January 7, 2016 at 07:22.

TOKYO – What we see another day of passion for the European stock markets after the rain Sales on Asian markets triggered by the collapse of the new markets in China.
Today was staged a replica of the first session of 2016: a decline in Chinese Bags by more than 7% that triggered the “circuit breakers”, interrupting the trading day in Shanghai and Shenzhen after less than half an hour the engine starts. A session-flash, therefore, the shortest in history, he did emphasize the declines in other Asian markets, already put on a difficult path from the previous negative closing on Wall Street. In Tokyo the Nikkei index slipped below the threshold of 18,000 points, closing with a decline of 2.33% to 17,767.34 points. Meanwhile, oil prices continue their downward trend.

To accentuate the fears of international investors is the accelerated depreciation of the renminbi, which hints at more serious problems than expected for the Chinese economy and even the specter of new currency wars. The Chinese central bank fixed the reference median equal to 6.5646, a level 0.5% lower than yesterday, corresponding to a minimum of five years: this is the highest day trip downward since last August Beijing It surprised markets with a sudden devaluation of 2 percent. This week the Chinese authorities are helping to drive down the yuan also against other currencies, which consequently puts pressure on various Asian currencies, which are also in the process of failure against the dollar, with the notable exception of the yen ( which – as it is considered safe-haven currency – has gained ground under a change to 118 against the dollar). A dynamic that has weighed on the Tokyo Stock Exchange pressuring stocks of exporting companies. The Chinese authorities have announced new rules that restrict the sales of shareholdings by large shareholders: January 9, must notify 15 days in advance of the intention to sell and may not transfer more than 1% in three months. A regulation that replaces the more restrictive launched in the summer and due tomorrow.

On the square of Tokyo, between individual titles stands out the suspension of one of Fast Retailing awaiting the announcement of the latest results and the failure of Sony, which pays the weakness of Apple and the rumors that it should acquire a stake in Renesas.

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