The Tokyo Stock Exchange moves without surprise drop in net Tuesday, the Nikkei index yielding 1.34% at 9428.28 points at around 6:45 after the decision by Standard & Poor's lowered the outlook of the sovereign rating of the U.S. stable to negative. That has sealed a new European markets (-2.35% in Paris) and American (-1.14% for the Dow Jones) yesterday. Trading volume remains to be low, investors remain cautious before the results of Japanese companies at the end of the month.However, the steep downward trend was slightly blurred since the resumption of trading after the mid-session Tuesday.
Side companies in Japan, the Japanese conglomerate Toshiba has raised Tuesday its net profit forecast for 2010-2011 to 135 billion yen, citing a reduction in non-operating expenses, but lowered its forecast turnover Because of the earthquake of March 11.
Opening of the Auto Show in Shanghai
In Shanghai, the CSI index falling 1.98% to 3292.96 points. Automakers around the world began on Tuesday to show off their latest models and concept cars at the Motor Show in Shanghai, animated by the desire to succeed on the first global automotive market. Among the new products, unveils its new VW Beetle, General Motors, the Chevrolet Malibu and Buick Envision, the Citroën DS5.In total, 19 models are world premieres and 75 launched on the Chinese market, according to organizers.
The announcement from Standard & Poor's also affects China
Side economic data, foreign direct investment (FDI) in China rose 32.9% in March year on year to 12.52 billion dollars, according to official data released Tuesday. This amount is higher than in February and January, when China was respectively 7.8 and attracted 10.03 billion U.S. dollars of FDI, said the Ministry of Commerce. In Hong Kong, the Hang Seng was down 1.28% to 23,524.80 points.
Elsewhere in Asia / Pacific, the trend is less bright red: Australia, the S & P / ASX fold from 1.43% to 4792.60 points, in India, the BSE Sensex yields more timidly 0.21% to 19,051.71 points, and Singapore, the Straits Times down 0.79% at 3119.40 points.
In Malaysia, the FTSE Bursa stumbles from 0.46% to 1520.92 points.Bulldozers and cranes are busy day and night in the south to establish Iskandar, a megalopolis of the future, built on the Singapore model in which economic success is a dream the other Asian countries.
The decline in oil
Oil prices were trending lower Tuesday in electronic trading in Asia, after the warning about the U.S. debt by Standard and Poor's, but the situation in the Arab world will continue to drive prices upwards, as brokers. In morning trading, a barrel of light sweet crude for May delivery yielded 17 cents to 106.95 dollars.
The euro continued its fall and early this morning was trading at 1.4210 dollars against 1.4234 late Monday. The dollar is at 82.50 yen against 82.67.