Asian
stocks fell, with the regional benchmark index heading for its lowest
close since November 2012, as a stronger yen weighed on shares in Tokyo
and investors awaited the resumption of trading in China following a
holiday.
The
MSCI Asia Pacific Index dropped 0.5 percent to 124.17 as of 9:01 a.m.
in Tokyo. The gauge slumped 4.8 percent last week, capping its seventh
weekly decline, as a contraction in Chinese manufacturing reinforced
investor concern about the world’s second-biggest economy. The Standard
& Poor’s 500 Index fell 1.5 percent on Friday after August payrolls
data failed to provide clarity on the interest-rate outlook.
China
worked to soothe concern over its economy at the gathering in Turkey at
the weekend, with officials predicting stabilization in the currency
and stock markets in the coming weeks. People’s Bank of China Governor
Zhou Xiaochuan said in a statement that the rout in Chinese equities is
close to ending, and that state intervention prevented systemic risk and
stopped a free-fall.
Source: Bloomberg
0 komentar :
Post a Comment