News and Reviews Asian Economic Zone

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Yen to levels below the last nine months against the dollar

Friday, March 2, 2012

 

en fell to its lowest point in nine months against the dollar after a government report showed Japan's consumer price index fell, fueling speculation the central bank will expand to meet the objectives of monetary easing inflation.

 

The U.S. dollar strengthened against all currencies except two of the 16 major currencies after Morgan Stanley raised its forecast for the greenback. The euro strengthened against the yen after European Union leaders agreed to give the capital more quickly to the planned permanent bailout.

 

Observed yen fell 0.6 percent to 81.63 per dollar level after falling to a level at 81.71, its weakest since May 31. Japan's currency also fell 0.3 percent against the euro, to a level of 108.33 per euro. The euro fell 0.3 percent against the dollar to $ 1.3273 level.

 

Japanese consumer prices excluding fresh food fell for a fourth month in January, down 0.1 percent from a year earlier, the statistics bureau said. BOJ set an inflation target of 1 percent in February 14 and more than double the funds to purchase assets that target notes maturing within two years. The next meeting of policy makers will take place on 12-13 March.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Preparing the economy slows, China's growth target pruning

Monday, March 5, 2012

 

The global financial crisis began to spread into Asia. Today, Chinese Premier Wen Jiabao told parliament that economic growth this year is targeted at 7.5%.

 

Dilevel targeted inflation of 4% after the value of Chinese exports to Europe declined. Wen also said that the reduction is done to stabilize the economy and dampen price gejolah.

 

In the annual work report to the National People's Congress (NPC) or China's parliament, Wen said that the policy is intended to build a stable and strong economy, maintaining price stability and prepare for the supervision of financial risk and the total credit supply in accordance with an approach that carefully liver and flexible.

 

Decline in the growth target is expected, especially after China's exports in January fell by 15.3% over the previous year due to crisis in Europe that does not subside as well as one cause. Chinese exports to Europe rose 7.2% on the previous December 2011.

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Seoul shares closed down but still above the 2000 level

Tuesday, March 6, 2012

 

Seoul shares fell yesterday as continuing fears of China and Europe makes investors hesitant to invest. KOSPI closed down 0.78 percent but is above the 2000 level. KOSPI lows today at 1988.36 level.

 

Yesterday, the KOSPI fell 0.91 percent after China lowered its economic growth target to 7.5 percent. before this dibukahari Seoul market, manufacturing data from some zones Erppa show Europe's economic problems more complicated.

 

Foreign investors are not willing to take risks and menjuan stake of 234 billion won, daily sales ever dilajukan most foreign investors in a day since last December.

 

And material resources sector dragged down after China lowered its economic growth target to the lowest point over the last eight years.

 

POSCO, the third largest metal manufacturers in the world, fell 3.08 percent while Zinc fell 2.03 percent. Hyundai Heavy Industries fell 3.1 percent while STX Offshore & Shipbuilding down 3.17 percent.

 

The European Central Bank expected to declare on Thursday that they have done all the way to solve the European crisis by cutting interest rates and injections of funds some time ago. The European Central Bank is likely to give a last resort in each government.

 

KOSPI 200 closed down 0.72 percent while the KOSDAQ fell 1.13 percent.

[mynameisandhy]

News and Economic Review Zone Asia (JAPAN)

 

Continued strengthening of the yen, euro rebound

Wednesday, March 7, 2012

 

The yen continued its gains from yesterday against other currencies as Asian stocks are concerned about the ability of Greece to overcome the crisis and get a bond swap.

 

Australian dollar touched its lowest point during the six weeks after a report claimed that the country's economy rose less than expected. While the euro rallied against the dollar due to the belief that the currency is likely to rise after the doldrums for some time.

 

The yen rose to 106.25 per euro. Yesterday, the yen's a big rise since November 9 with a 1.6 percent gain. the yen rose 0.1 percent to 80.82 per dollar. The euro rose 0.3 percent to 1.3416 per U.S. dollar.

 

Euro rebounds after shrinking to a point touched 1.3111 per dollar today. Within six months, the euro fell 3 percent while the dollar climbed 4.4 percent.

 

Australia's GDP rose 0.4 percent in the fourth quarter of 2011. Previously the experts predict the GDP will rise by 0.8 percent. This makes the Australian dollar touched its lowest point since January 25 in the range of 1.0557 per U.S. dollar.

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Bank of Korea keeps benchmark rate

Thursday, March 8, 2012

 

The Bank of Korea held the cost of borrowing for the ninth consecutive month as policy makers try to balance the risk of European debt crisis and rising oil prices contributed to the increase in price.

 

Governor Kim Choong Soo and the agency board agreed to keep the benchmark rate at 3.25% 7 days, as delivered by Seoul's central bank said in a statement today.

 

An increase in fuel prices continue to threaten the inflation rise amid signs of U.S. economic recovery and improvement in Europe's debt crisis. The increase in fuel prices is one of the biggest concerns of South Korea, as stated by the Deputy Finance Minister Yoon ShinJe.

 

South Korea's economy weakened since the third quarter of last year retained after internasionl economic uncertainty subsides.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Greek debt swap was completed, the Nikkei through 10 000

Friday, March 9, 2012

 

Japanese stocks closed in positive zone today. At 15.00 in Tokyo, the Nikkei 225 Stock Average surged 1.7% to 9929.74. Thus, throughout this week, the benchmark of Sakura was already in motion 1.6%.

 

On this day, the Nikkei index led the surge in Asian stock markets. The highest daily level of the Nikkei today is created in the position of 10007.62. The volume of transactions 60% higher than the volume average of 10 daily. Meanwhile, the Topix index rose 1.5% to 848.71.

 

Stocks that affect the movement of the Japanese market today include: Sony Corp., which rose 4.3%, Mitsubishi UFJ Financial Group Inc. rose 2.4%, and Nippon Steel Corp. led gains in the stock material producers.

 

Demand that hit the Japanese market after the successful completion of the restructuring of Greece's largest debt in world history. Another factor is the weakening of the Japanese yen against the euro.

 

"Fear of default Greece began to subside. This is gradually re-increased risk-taking investors in the stock market. It was also supported by a weakening yen positions," said Naoki Fujiwara, an analyst at Shinkin Asset Management Co. in Tokyo.

[mynameisandhy]

News and Economic Review Zone asia

 

Risk aversion make Asia Stock Sluggish

Monday, March 12, 2012

 

In the early trading session of the week (Monday, 12/3), the majority of Asian bourses looked lethargic moves in the region due to negative global sentiment carried over to avoid risky assets (risk aversion) after the U.S. dollar (USD) strengthened related to improving U.S. employment figures .

 

Market participants in Asia is still much to see wait and see, even not a few who take action to dispose of positions precisely because they are burdened by the U.S. employment data is improved because it will reduce the Fed's intention to continue its easing program.

 

But Japan's Nikkei index actually rallied back to even break above 10.000, the highest level in seven months new. Thanks mainly to the strengthening of the index rallied USD Yen weakened, causing the stock and trigger the Japanese exporters sector more attractive to investors.

 

Besides economic fundamenetal Data released this morning helped shore up investor interest in buying some equities in Tokyo. Data CGPI and Japan Machinery Orders teleh give rise numbers are better than the previous period. Data Machinery Orders m / m for the month of January out in figure 3.4% from the previous month at the level of -7.1% and break that estimate market expectations of 1.6%. While the annual rate rose to 5.7% of the estimated 4.0%.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BoJ Hold Interest, Euro Stay away from High Level

Tuesday, March 13, 2012

 

Announcements post BoJ interest rate, the euro pulled back to 1.3148 level. BoJ does not implement the new policy measures which it considered disappointing the market. Equities declined, USD and the yen rose. EUR / USD at 1.3168 after touching a low level to 1.3148, away from the high level at 1.3192.

 

Ecofin meeting is still running with the current market interest in the Spanish-derived deficit from 5.8% to 5.3%. Euro area economic data begins with the number of French and Italian CPI respective maing at 13:30 pm and 16:00 pm. Then the German ZEW economic sentiment survey at 17.00 pm which is expected to increase after the governor of the ECB, Draghi held a press conference at 18.30 pm with the Italian bond auction goes all day.

 

The market focus will shift to the U.S. retail sales figures will be released at 19.30 pm last FOMC meeting at 1:15 pm (Wednesday morning).

 

Resistance at the 1.3230 level (high level March 6) with the support level at 1.3100 and 1.3080, 1.3030 (February low level).

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Strong and Successful Skip Level 10 000 points

Wednesday, March 14, 2012

 

Tracked the movement of the Japanese stock market closed rose in trading today (14/3). Like yesterday, the stock movement is dominated by the rise in share prices of exporters and banks are stimulated by a conducive trading on U.S. stock exchanges. Overnight Fed said that the arrest of the benchmark interest rate at 0.25% position provides an opportunity for the U.S. economic stability.

 

Nikkei index closed up by 1.9% to 10085.54 basis points. While index futures has increased by 84 basis points to 10 020 points with the support level of 9994 points and resistant level of 10 049 points. The broader Topix index rose 1.7% to 859.36 basis points.

 

The shares of which is to increase Toyota shares rose 2.3% to 2.3% to 3495 yen, Honda Motor shares rose 2.7% to 3185 yen and Sony Corp shares rose 5.1% to 1789 yen.

[mynameisandhy]

News and Economic Review Asia Zone

 

Dollar higher, Asian markets sluggish

Thursday, March 15, 2012

 

The U.S. dollar rose to its highest point since last 11 months against the yen before U.S. data expected to show manufacturing is rising and falling unemployment filing. Asian bonds fell, while the Chinese market and depressed copper prices.

 

The dollar rose 0.5 percent to 84.12 per yen. U.S. economy predicted to rise 2.2 percent in 2012, 1.7 percent higher than last year. while China's stock dropped after the drop in foreign investment last four months. Chinese premier lowered their economic growth targets and rejected any easing of policy in the property sector.

 

The dollar touched its highest point in four months against the euro in the range of 1.3020 today due to the fading hopes of easing the policy of the Fed. Yen down compared to 16 other currencies.

 

Pound fell 0.2 percent to 1.5646 per U.S. dolr after the Fitch Ratings said yesterday that Britain risks losing its investment rating if they are weak economic development and increasing the country's debt.

 

Peso fell 0.5 percent to 43.092 per U.S. dollar. Thai baht fell 0.2 percent to 38.81 and South Korean won fell 0.2 percent to 1128.25 per U.S. dollar.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Stronger, Maintain Positive Trends

Friday, March 16, 2012

 

Japanese stock market for trading today (16/3) closed up again. Maintained a positive trend again after shares rose after the responding exporters rising manufacturing data and falling U.S. jobless claims are released overnight. The improvement in both the data signaled that the chances of improving the U.S. economy is still wide open.

 

Nikkei index increased by 0.1% to 10129.83 basis points. While index futures has increased by 32 basis points to 10 070 points with the support level of 10 018 points and resistant level of 10 080 points. The broader Topix index rose by 0.4% to 866.73 basis points.

 

The shares of which is to increase Nippon Yusen shares rose 6% to 267 yen, Mitsui OSK Lines shares rose 2.7% to 383 yen and Kawasaki Kisen shares rose 3.4% to 181 yen.

[mynameisandhy]

News and Reviews Asia Economic Zone (south korea)

 

Woori Finance Holdings led the increase KOSPI

Monday, March 19, 2012

 

Seoul shares rose today after the U.S. market experienced its best weekly gain in three months last Friday. However, this increase is limited because investors do not want to lose the momentum to take advantage.

Compostie Korea Stock Price Index (KOSPI) rose 0.21 percent to 2038.62 range.

Soerang experts say that the foreign and institutional investors are aggressively buying in the previous session, but when the KOSPI range approaching 2050 levels, investors will soon make profit taking due to the recent rise seems very slow.

 

Foreign investors bought shares of a 42.7 billion won, but institutional investors reduce the rise in the KOSPI by selling its shares for 26.2 billion won.

KOSPI rise today led by financial shares. Woori Finance Holdings rose 2.61 percent, rallied for a fifth consecutive session after the announcement last week stating that the government will reset the submissions of 4.9 billion sale of its U.S. dolarn. Hana Financial Group rose 2.2 percent while Korea Exchange Bank rose 2.28 percent.

 

Help gemilangnya KOSPI rise, the construction company's shares also gained as many construction bids from abroad, mostly coming from the Middle East. GS Construction rose 3.9 percent, while Daelim Industrial rose 5.93 percent.

Kia Motors shares fell 1.67 percent after the second largest automotive company in South Korea said they would suspend production in Georgia on Monday and Tuesday, without giving further reasons. The announcement was made ​​a report of fire in a production line their parts suppliers in America.

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Stimulants minimal, Kospi lost

Tuesday, March 20, 2012

 

Kospi closed down 0.2% to 271.90 in the middle of the lack of driving with a gain factor of Samsung Electronics and mining shares are pushing the movement of the index. "Samsung Electronics closed at a record high due to expectations of strong Q4 earnings results and soaring costs of DRAM while mining stocks to reap a profit after being weakened," said Oh On-su, an analyst at Hyundai Securities.

 

Among stocks that gain, Samsung Electronics +0.6% to KRW1, 267.000, SK Innovation +3.2% to KRW175, 000 and S-Oil Corp. +3.0% To KRW122, 000. Auto and shipbuilding shares plunged due to profit-taking, Hyundai Mobis -0.7% to KRW283, 000 and Daewoo Shipbuilding & Marine Engineering -1.0% to KRW34, 050. If the release of construction data and the strong U.S. sales, the stock market will react positively, "said Oh.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Return to Reach Area USDJPY 84.00

Wednesday, March 21, 2012

 

Japanese Yen currency depreciation still seems unstoppable, which delivers the USDJPY back above 84.00 level on Wednesday ahead of U.S. housing data release, as well as Fed Chairman Ben Bernanke's speech that may be able to provide further clues about the direction of the Federal Reserve's latest policy.

 

USDJPY shot more than 50 pips sdari daily lows at 83.53 to touching the strongest level since March 15 at 84.09. USDJPY is currently offered in the range of 84.00, or about 0.35% above its opening price on Wednesday.

 

"Momentum indicators are likely to be negative did not deter the pair moved through the 83.70 resistance level is crucial to try to test the 84.15 area," according to ecPulse.com analyst team. "The movement is forcing us to change our neutral view, given the potential for USDJPY continued to increase up to 85.00 zone for the rest of today. But straightforward penetration is required above 84.15 to confirm the bullish scenario.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Ahead of the afternoon, the Nikkei Stable

Thursday, March 22, 2012

 

By noon, the movement of the Nikkei index remained stable despite low trading instructions. The index rose 2.72 points to 10.020. "Technically the stock price remains at a low level, it is a sell-off looks minimal," according to the equities trader.

 

"Entering the final month of March continued to lose market driving factors yaang due to earnings season will begin in early April," he added. Market trading volume of only 1.2 billion shares with a large scale such as Softbank shares +2.7% to Y2, 456, Fanuc -1.4% to Y15, 140, and Komatsu -1.5% to Y2, 387. Mitsui Fudosan -1.9% to Y1, 575, Nomura Holdings -2.3% to Y387.

[mynameisandhy]

News and Economic Review Asia Zone

 

This Weekend, Asia Stock Flushed

Friday, March 23, 2012

 

Asian stock markets fell on Friday trading (03/23/2012) with China manufacturing activity data lower this March.

 

China manufacturing data for the month of March 2012, released Thursday says shrinkage in five months. China's manufacturing index fell to 48.1 in March from 49.6 in February 2012. The same was experienced by the French and German manufacturing.

 

Japan's Nikkei index fell 1.1% to 6370.82 and the broader Topix index fell to as low as 852.53. Decline experienced by exporters such as Toyota shares fell 2% Morot, Honda Motor fell 2.9% and Sony lost 3.1%. Similarly, the shares of Nomura Holdings, the largest investment bank in Japan fell 3.8%.

 

Seoul shares continued weakening of the previous three days. Kospi index edged 0.04% to 2026.83. Attenuation experienced Hyndai shares fell 2.3% Department Store and Lotte Shopping down 2.7%.

 

While stocks showed gains in banking sektro Australian stock exchange. But the ASX index dragged down stocks of natural resource sector. This is due to the weakening Australian dollar. Stock contractor, Leighton Holdings rose 0.4%.

 

China's shares ended lower with the country's economic slowdown. Shanghai index down 1.15 to 2349.54 or the lowest level in the past month. For the Hang Seng index fell 1.1% led by bank shares. Agricultural Bank of China shares down 0.3% m AgBank fell 3.1% in Hong Kong stocks followed by the Industrial and Commercial Bank of China dropped 0.1%.

 

While Singapore and Malaysia markets remained strong until the closing. STI index rose 0.3% to 2990.08 and idneks KLSE rose 0.1% to 1585.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng Closed Flat, First Week of No Interest

Monday, March 26, 2012

 

Hong Kong stock exchange today (26/3) closed flat. Flat movement continues until the end of trading after the stock exchange and the investors get ahead of the administration signaled concerns testimony by Fed Governor Ben Bernanke on this evening.

 

Hang Seng Index closed flat at 20668.86 basis points. While index futures has increased by 118 basis points to 20 731 points with the support level of 20 558 points and resistant level of 20 975 points.

 

The shares of which is to increase the shares of Sinopec Corp., which increased by 1.5% to EUR 8.77, HKEx shares rose 0.15% to 131.8 shares of HKD and Sino Land rose 3.95% to 12.62 EUR .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan PM Ready to Ask a Tax Increase Proposal

Tuesday, March 27, 2012

 

Japanese Prime Minister today to talk about economic policy. He wanted to start a conversation about the national tax hike proposal with members of the ruling party.

 

Yoshihiko Noda discourse struggling to pass tax increases to balance its finances. To ensure the proposal's escape, he opened the faucet of communication with officials of the Democratic Party if necessary.

On the sidelines of an international summit on nuclear security in Seoul, Korea, Noda will expose all the components of the new tax proposal in front of colleagues at the last meeting later. That way, he could explain how important it is to raise Japan's consumption tax until 2015.

He said the new tax proposal is largely the same as the draft has been approved the previous party members. Therefore, he was fully convinced that his plan would have the blessing of all parties. The proposal itself will be brought to parliament in late March.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng slid Ends Nearly 1%

Wednesday, March 28, 2012

 

Hong Kong stock exchange for trading today (28/3) closed weakened significantly. Correction back to the negative sentiment occurred after the weakening of U.S. stocks overnight after U.S. consumer confidence data for the decline in February.

 

The Hang Seng Index closed for trading today down by 0.9% to 20856.63 basis points. While index futures weakened by 249 basis points to 20 903 points with the support level of 20 794 points and resistant level at 21 050 points.

 

Stocks are declining among China Mobile shares declined by 0.47% to 84.25 HKD, China Coal shares fell 0.34% to HKD 8.89 and ICBC shares fell 0.99% to 5.01 EUR .

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Kospi closes Weakens, Asian bourses negative

Thursday, March 29, 2012

 

Korean stock market for trading today (29/3) closed lower. The weakening of the stock return are the result of negative sentiment coming from the Asia region is depressed by the impact of weakening crude oil prices and falling U.S. stocks overnight.

 

Kospi index ended down by 0.85% to 2014.41 basis points. While index futures declined by 3.17 points to 268.9 basis points, with the support level of 268.19 points and 272.72 points at level resistant.

 

The shares, which fell ie the Doosan stock fell 0.67% to 149 000 won, Salum shares fell 6.74% to 2835 and won Noroo Holdings shares fell 2.18% to 7630 won.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Trying Nikkei Correction 3-session

Friday, March 30, 2012

 

Japan's index is still weak ahead of this afternoon. Nikkei up the correction for 3 consecutive sessions.

 

Nikkei down 0.3% to 10 085 in moderate trading session. The possibility of a consolidated index at around 10,000 in the middle of next week's wait and see mode ahead of the release of important data the United States (U.S.). While some overseas stock markets will also be closed to commemorate Passover next week.

 

The emergence of positive data from the U.S. is awaited as it could bring positive sentiment to the market. If so, then the Nikkei could test higher levels in the next two weeks. A total of 24 of the 33? Topix subindeks negative for the stock? exporters weighed down by a strengthening yen.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Solid Data, Nikkei Strong

Monday, April 2, 2012

 

U.S. economic data releases that exceed market expectations push Nikkei up 1.0% to 10 185. But the BoJ Tankan survey results that missed estimates are expected to limit the gain index, clearly Kenichi Hirano, operating personnel Tachibana Securities.

 

BoJ Tankan index for the manufacturing sector in March compared with the predictions of market -4 -1. "The movement of the Nikkei likely to be restricted in the range of 10.200 s. Topix subindeks 23 of 33 positive with shipping stocks and the stock market led the gains. Mitsui OSK Lines +3.3% to Y372 and Nomura Holdings + Y3.8% to Y380.

 

Sunday (01/03) China Purchasing Managers Index released data that showed a surprise increase. Komatsu +2.9% to Y2, 428. Hitachi Construction Machinery +2.7% to Y1, 880. TDK Corp. +1.8% To Y4, 775 after the Nikkei reported that the company will limit production of Blu-ray Discs in the Japanese manufacturers this year and will shift production to China.

[mynameisandhy]

News and Economic Review Asia Zone

 

Closed Strong, Driven Regional Data Exchange

Tuesday, April 3, 2012

 

Most of the regional market today (03/04) moved higher. Investors view of the U.S. manufacturing sector data better than expected. Nikkei - 0.6%, S & P / ASX +0.2%, HSI +0.8%, Kospi +1.0%, -1.3% Taiex, Sensex +0.9%, +0.2% STI, and the NZX-50 -0.6%. China markets closed for national holidays.

 

While in the forex market, the exchange rate of USD weakened against the yen after slumping to a low level of one month in the Asian market. USD / JPY at 81.96 from 82.08 on Monday night in New York, EUR / JPY at 109.37 from 109.35, and EUR / USD at 1.3340 from 1.3318. PBOC governor Zhou Xiaochuan warned that the global economy has not fully recovered. RBA today decided to hold interest rates remain at the level of 4:25%, but still there are opportunities to cut interest rates in May. Before creating a new maneuver, the RBA should be confident that the inflation rate in the first quarter at a low level. Australia retail sales for February rose 0.2% to A $ 20.98 billion. The figure was slightly below the January increase of 0.3%, but according to market expectations of an increase of 0.2%.

 

Thailand CPI rises 3:45% per year in March, faster than the increase in February at 3:35% and above expectations for a 3.3% increase. The price of gold at $ 1,678.80, up $ 1.80 from its closing level NY. May Nymex crude oil fell 34 cents to $ 104.89/barrel.

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Kospi closes Weakens After Two Days Beturut Up-to-back

Wednesday, April 4, 2012

 

Korean stock market for trading today (4/4) closed lower after yesterday had an increase in two consecutive days. The weakening of this time is the result of the lack of sentiment in the market shares of Asia along with Hong Kong stock market off to this day.

 

Kospi index ended down by 1.5% to 2018.61 basis points. While index futures weakened by 3.15 points to 270.95 basis points, with the support level of 270.65 points and 274.16 points at level resistant.

 

The shares, which fell among the stock is down 1.7% to Salum 2600 won, Ildong Pharma shares fell 0.42% to 7150 won and Doosan shares fell 2.38% to 143 500 won.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Spanish Treasury auction caused the Nikkei flushed

Thursday, April 5, 2012

 

The shares are traded on the Japanese stock market dropped at the close of the afternoon local time. At 15.00 in Tokyo, the Nikkei 225 Stock Average fell 0.5% to 9,767,61. This is the third largest daily decline since November 2. While the Topix index fell 0.3% to 832.57.

 

Number of shares that Japanese exchanges also influence the movement include: Nissan Motor Co. is down 1%, Inpex Corp fell 1.3%, and Gullivar International Co fell 2.5%.

 

One of the factors that cause decline in the Nikkei index falling demand in the Spanish bond auction yesterday. That led investors back to worrying about the state of Europe's debt crisis.

 

"The fact that investors are not so interested in the Spanish bond remind people that Europe is only a little progress in the handling of the crisis," said Hisakazu Amano, an analyst at T & D Asset Management Co. in Tokyo.