por admin » Jue Ago 04, 2011 9:08 pm
El Asia se hunde, junto con los demas mercados globales.
Se produciran mas ventas si el reporte del empleo en US no es bueno.
Asia Slumps, Joins Global Rout
By SHRI NAVARATNAM
SINGAPORE--Asian shares succumbed to heavy selling Friday, while the euro and other risk-sensitive currencies were knocked hard, amid intensifying worries European debt problems and U.S. economic woes could tip the global economy into a double-dip recession.
The U.S. dollar and Swiss franc shone as worried investors looked for a safe home for their investments.
"The past week's market downdraft has been associated, above all, with growing evidence that the second quarter global 'soft patch' is not giving way to a third quarter rebound as quickly as might have been hoped," Barclays Capital said in a note to clients.
It said the U.S. jobs report later in the global day will be a key focus. "The U.S. economy stands at the forefront of market concerns about growth. If the July employment report ratifies the view that the U.S. recovery remains barely above stall speed, there is more selling to be done," the bank said.
Regional stock markets were hammered after steep losses on Wall Street Thursday, with the Dow Jones Industrial Average plunging 512.76 point or 4.31%, marking the biggest single-day point loss since Dec. 1, 2008.
Japan's Nikkei Stock Average tumbled 3.6%, after touching its lowest levels in more than four months, Australia's S&P/ASX 200 lost 3.9%, touching a two-year low. South Korea's Kospi Composite fell 3.6% and New Zealand's NZX-50 lost 2.4%.
The U.S. dollar and the Swiss franc drew heavy safe-haven demand, with the euro and other risk-sensitive currencies knocked back harshly. Against its Swiss counterpart, the euro slumped to CHF1.0760, after touching a new all-time low of CHF1.0710, from CHF1.0769 late Thursday in New York.
The euro was at ¥111.17 against the yen, from ¥111.27 and $1.4098 against the greenback, from $1.4100. The yen rose against the U.S. dollar amid the heightened risk-aversion, partially knocking back Japanese authorities' yen-selling intervention efforts Thursday. The dollar was at ¥78.84, after rising above ¥79.40 in the first few hours of Thursday's intervention.
Lead September Japanese government bond futures were up 0.33 at 142.54, on Thursday's Bank of Japan's additional easing steps and safe-haven buying on the back of sharp gains in U.S. Treasurys.
In Tokyo, exporters took a beating. Sony lost 3.5% and Toyota Motor fell 3.6%.
"Concerns about the outlook of the U.S. economy have been stronger than worries about a firmer yen," said Monex market analyst Toshiyuki Kanayama. In Sydney, the worries about global economy prompted heavy selling in cyclicals, with BHP Billiton off 4.1% and retailer David Jones down 6.1%.
Oil prices continued to retreat after diving more than 5% Thursday to their lowest level in six months on global demand concerns; September Nymex crude oil futures were recently down 19 cents at $86.42. The broad selloff in commodities also hit gold prices. Spot gold was fetching $1,643 per troy ounce, down $5.00 from New York trade.