Trade in Asia's stock markets has been characterized this morning with mixed trends and a tendency to index declines due to rising interest rate in China, which burdens real estate stock especially. As such, the Tokyo stock exchange records light index declined at 0.3%, the Shanghai stock exchange dropped 1.0% this morning, while Hong Kong's Hang Seng traded at a negative trend, declining by 0.9% of its value.
Tokyo investors are concerned about the statements of a number of senior diplomats that the government is considering executing an active intervention in the foreign currency market in order to weaken the Japanese Yen against the main currency group to support the Japanese export. Amid these statements, the Yen strengthened against the United States dollar by 0.4% to a level of 82.45 Yen for one United States dollar.
European stock markets, having completed last week the longest period of weekly growth since April, closed yesterday on light declines due to the interest rate increase in China last weekend, which enhanced the concerns of a slowdown in the rate of global recovery. By the end of the trading day, the Frankfurt stock exchange declined by 1.2%, Paris declined 1%, Madrid dropped by 2.1%, while trading in London had been suspended due to the holiday.
