At 7:30 it was noted that regional index MSCI Asia Apex 50 down 1.9 percent. Japanese Nikkei fell 1.2 per cent while China’s Shanghai and Shenzhen Comp Comp noted 2.3 and 1.5 per cent lower.
Sentiment in China was hit by a report that showed that the profits from the industrial sector in June decreased by 0 , 3 percent, compared to the same period in 2014. On Friday, also showed an unofficial survey that production in China fell to the lowest level in 15 months.
“The stock market will likely remain volatile as shares still go through a seasonally weak period. uncertainties continue about the Chinese economic growth and a likely Fed rate hike are waiting later this year, “said Shane Oliver, strategist at AMP Capital Investors, Bloomberg News.
Among individual stocks rose South Korea’s LG Household with close to 14 percent after a quarterly report that beat market expectations.
While Japanese M3, delivering medical information, step on his report. Among other things, the operating profit amounted to 5 billion yen, while the expected value was 4.83 billion.
Hitachi High-Technologies fell however after an interim report that does not work was appreciated by the market. Technology giant fell nearly 10 percent.
Market Temperature, 07:30
MSCI Asia Apex 50 -1.9%
Nikkei 225 -1.2%
Hong Kong Hang Seng -2.6%
China’s Shanghai Comp -2.3%
China’s Shenzhen Comp -1.5%
Taiwan Taiex -2.3%
South Korea Kospi +0 , 1%
India BSE Sensex 30 -1.0%
Singapore Straits -0.9%
Australia S & amp; P / ASX200 +0.2%
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