The stock exchange in Japan started the new trading week at a loss on Monday. Investors took some gas back after the strong rise last Friday and were particularly looking forward to the start of the numerical season in Japan. Tensions around Iran and reports that the US Federal Reserve (Fed) will lower interest rates less strongly this month than hoped for restraint.

The main index in Tokyo, the Nikkei 225, eventually ended 0.2 percent in the minus at 21,416.79 points. The Japanese main index won 2 percent last Friday. Asahi Group Holdings fell 8.9 percent. The Japanese beverage manufacturer takes over the Australian company Carlton & United Breweries from beer brewer AB InBev for approximately 10 billion euros. To finance the acquisition, Asahi is issuing up to 200 billion yen (around 1.6 billion euros) in new shares.

The Chinese stock markets also took a step back. The Hang Seng index in Hong Kong was 0.8 percent lower in the meantime and the stock market in Shanghai also fell 0.8 percent. In Shanghai, trading in the first 25 companies started on the so-called STAR market, a kind of Nasdaq-like Chinese technology exchange. The Kospi in Seoul went up a fraction. South Korean car manufacturer Hyundai fell 1.5 percent. The Australian All Ordinaries closed with a loss of 0.1 percent.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Asian nickel and cobalt deposits may tame the deficit — Kenes Rakishev

The world of cheap raw resources is over. Free market and the free trade is shatered by in…