Shanghai Composite posted weekly growth of 2.8%

Since the beginning of October the main Shanghai stock index – Shanghai Composite has increased with 2.8%. The lowest level ( - 0.74%) was posted on 17 October at 3041 while the highest value was marked on 25 October at 3132.

During the past week SSEC continued to move upwards and advanced with 0.4%. The first two days of the week the index was rising, while the next days brought slow decline.

The highest daily increase for the week SSEC marked on Monday (1.21%), while the biggest daily drop had on Wednesday (-0.5%). It is important to note that during the past week the People's Bank of China uploaded the financial markets with tens of milliard yuan via weekly repo transactions with commercial banks, which influenced in the direction of lowering the exchange rate of the yuan.

Asian markets posted mixed trading

Ahead of notable decisions that are expect to be taken by Bank of Japan (BoJ), the Reserve Bank of New Zealand (RBNZ) the Federal Reserve (Fed), market participants are playing cautiously today. Lunacy started to conquer first Asian markets with pushing Japan equities lower but Chinese higher in the early trade on Tuesday.

The Chinese Shanghai Composite index increased with 0.64% to 2 965.40 points, and Hong Kong’s  Hang Seng climbed with 0.48%.

Japan’s Nikkei 225 dropped with 0.49% to 17,353 points, and South Korean’s Kospi closed 0.25% up to 2 019.63 points.

The Australian benchmark S&P/ASX 200 index fell 0.30% to 5 220.64 points.

Energy companies in the region traded mixed. Australian Santos reported a decline of 3.68%, while Japan's Inpex and Japan Petroleum recorded decreases of respectively 1.5% and 1.05%. Australia's Woodside Petroleum shares rose 1.44%, while China's Sinopec marked an increase of 1.46%.

The main exporting companies in Japan enrolled mostly downs. Shares of Toyota fell 0.72%, Nissan and Honda are down with respectively 0.99% and 0.69%. Sony reported an increase of 0.51% and Mitsubishi Motors wiped nearly 10% of the share prices.

Australian iron ore miners finished with declines after the steel-making component sloped to $66 per tonne. Fortescue Metals dipped with 6.25% and heavyweights BHP Billiton and Rio Tinto fell respectively with 3.06% and 2.95%.

Worries in Asia, stocks slumped today

This morning negative dynamics dominated on Asia stock markets after the forecasts for the Chinese economy did not come true. Macroeconomic statistics announced by Beijing over the weekend, intensified fears of dark perspectives for the Chinese economy.

Hour after the opening, the main index of the Shanghai Stock Exchange Shanghai Composite fell 3.2% to 3097.71 points. SZCOMP slumped by  4.53% to 1700.64 points. Hang Seng fell by only 0.1%, to 21482.22 points. Japan's Nikkei fell 1.52 % to 17,989.85 points, while the Korean KOSPI lost 0.81% reaching 1925.63 points.
Only Australian S&P/ASX 200 rose by 0.07% to 5074.7 points.

On Sunday, data showed China’s factory output and fixed-asset investment were both weaker than expected in August,underlining challenges Beijing faces in pushing the economy to reach its full-year economic-growth target of about 7%.

Moreover, the volume of industrial production in August grew by only 6.1% yoy, while experts had expected 6.5% growth. The only pleasant surprise was the data on retail sales, which in August rose 10.8% yoy, while analysts had expected an increase of 10.5%.