As European bourses stong trend continues, some of the major exchanges in Asia have a correction because it dragged quite a decrease in the Shanghai stock exchange today.
Shanghai closed down 54.83 points (1.89%) to the 2842.72 level. And at the opening of trade this morning, Shanghai was still in positive territory.
But entering the afternoon session, Shanghai slowly into negative territory’s Hang Seng followed that since the morning had been in negative territory. The Hang Seng closed down 105.62 points (0.49%) to as low as 21,595.52.
Korea Stock Exchange also closed down 7.41 points (0.43%) to the 1711.47 level. Taiwan Stock Exchange even worse fate, down 92.27 points (1.24%) to the 7376.76 level.
Singapore Exchange since the morning in negative territory, began to move into positive territory following the strengthening of the London Stock Exchange (FTSE), when opened at 14.00 pm. Straits Times Index (Singapore) closed up a thin 0.31 points (0.01%) to the 2685.94 level.
Stock Japan (Nikkei 225) and the Indonesia Stock Exchange (JCI) has not opened because of new holidays and will open Thursday (24/9/2009).
Meanwhile, European bourses suffered trend strengthening, even if thin. Until this story was written, the FTSE rose 15.44 points (0.30%) to the 5158.26 level. Switzerland also rose 16.68 points (0.26%) to the 6357.35 level. Stockholm rose 1.07 points (0.37%) to 288.07. Madrid rose 1.96 points (0.16%) to 1235.60.
Trends strengthening European bourses continue the trend of strengthening the Dow Jones Industrial Average (DJIA) closed up 51.01 points (0.52%) to 9829.87 in trading yesterday.
