Price index in a number of major Asian markets showed no uniform manner. There is a weakened, but there is also rising, depending on the domestic situation. However, the index rise and fall of stock exchange is relatively very small.
In closing Wednesday, Japan’s Nikkei 225 index in Japan weakened 2.58 points to 10,635.48. The fall in Nikkei index partly influenced by the collapse of the airline’s stock Japan Airlines (JAL) for almost 25 percent.
Investors are worried that the airline was experiencing financial problems that threatened to bankrupt if not get the maximum assistance from the Japanese government.
Hit by the global recession and the swine flu pandemic, JAL difficulty saving production costs. In fact, for the fourth time since 2001, JAL is now asking for help from the government bailout.
Hang Seng Index in Hong Kong stock exchange were also down, in the amount of 109.96 points (0.2 percent) to 1675.40. Similarly, the stock indices in Australia and Singapore, each down 0.2 percent and 0.1 percent.
Conversely, Kospi index in South Korea’s stock rose, though only 0.2 percent, to 1675.40. Similarly, shares in the stock indices of China, rose 1.1 percent to 3245.32.
According to observers, the lack of movement of the index indicates that stock prices in Asian bourses had moved significantly during this year. That’s why investors are now reluctant to take big risks ahead of closing the year.
“The market had risen too far and now there is a reluctance to invest again,” said Linus Yip, observers from the First Shanghai Securities in Hong Kong. (AP)
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