Into The Asian markets have fallen by extending the first weekly loss in three weeks on a day in which a series of predictions on corporate profits, by Canon to Posco, has disappointed market expectations.
Into In particular Posco, the largest South Korean steel producer, has slipped by 1, 7% in Seoul after cutting earnings forecasts for the second time. Canon has left on the ground the 1, 4% in Tokyo, always having announced a downward revision of the profits. AMP has declined by 4.9% in Sydney after that the most important Australian insurance company revealed that in the fourth quarter operating profits could fall by 65 million Australian dollars.
Into The MSCI Asia Pacific Index yielded 0.5% to 142.22 at 9:15 am in Tokyo, extending the weekly loss to 0.9 percent. The measure had risen to the highest in five months on 22 October, on speculation that the Fed will extend the time the American monetary support until next year. Into “We’ll see the little fixes,” said Donald Williams, chief investment officer at Platypus Asset Management in Sydney. “The consensus of the experts see an extension of monetary support until next year, but everything will depend on future economic data. The problem is that there is not a unanimous view within the Fed. “Into The Japanese Topix fell by 1, 1%, Australia’s S & P / ASX 200 is up by 0.3% and New Zealand’s NZX 50 advanced 0.5 percent.
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