Asia-Pacific stocks start “in the red”

Stock markets of the Asia-Pacific Region have opened on 4 September in the red given the strengthening of the Japanese currency and expectations for the higher US rate.

According to the stock data, the Japanese Nikkei 225 lowered 2.66% to 18352.95 points. The Korean KOSPI dropped 1.42% and reached 1888.4 points. The Australian S&P/ASX 200 lost 0.1% reaching 5023 points.

The Shanghai and Hong Kong stocks are reported to be closed the second day because of the celebrations of the victory in the WWII in China. Yen went up against dollar on Friday given the investors' expectations of the US publishing statistics on the labour market.

It should be noted, that the US Federal Reserve System authorities, as well as people responsible for the US economy police also predict the decline of economic indices after a continuous growth.

Also read: Presage of financial chaos strikes Europe, China and US


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Author`s name: Editorial Team