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Seoul pulls Asian shares down, solid economic data helps

South Korean markets technology stocks primarily drag broader Asian stock market index Monday weak earnings worries, but in Europe and solid dollars profit improved economic outlook report support mood.
The msci asia-pacific shares outside of Japan. The most widely MIAPJ0000PUS small index fell 0.2% last week, see the biggest weekly decline, in two months. Except in Seoul and Jakarta, the Asian market is.
Korea composite stock index (KOSPI). KS11 spread to eight weeks low 0.6% slide loss, the yen's weakness of the deterioration of the prospects of local exporters and foreign investors to reduce their holdings.
Technology stocks as South Korea is also very easy to high-end intelligent mobile phone equipment shipments prospect overshadowed.
"Investors have begun to take the exporter's concern about the outlook of, because the car manufacturers announced weak earnings, and large shares last week by foreign capital to continue selling pressure, said:" teach the securities analysts jinheng ryol,.
Global investors mood improves 5 last week in German Ifo commercial morale index to improve the highest in more than half a year, further evidence that Europe's largest economy acquisition speed again, and European bank, the European central bank set to pay more money than expected stable financial system should be emphasized in the euro zone.
In China, last Sunday data show that the industrial enterprise earn profits from 12 months over the same period increased by 17.3% to 89.52 billion yuan (us $14.39 billion), increase the economic recovery in the fourth quarter of the evidence.
The yen has continued low, but, the Japanese stock market gave up earlier rise, while the and relax the leading Japanese enterprise earnings season enters this week like a raging fire.
Japan's nikkei stock average index, the nikkei index fell by 0.1%, up 2.9% on last Friday, 11 weeks continuously rise, since 1971, the longest running login.. T
Against the yen, the dollar, to $91.26 in early Monday, June 2010, the highest level since the dollar and the euro reached 122.91, the highest since April.
The new prime minister, Shinzo Abe, (Shinzo Abe) has called for positive loose monetary policy and the huge fiscal spending to defeat deflation. The yen against the dollar has fallen about 13%, since since mid-november, when he began to make these calls as part of his campaign.
"It is a strong combination, Abenomics and foreign strong risk preference, continue to soften the yen, this means that investors will still buy shares,", Doshida, lotte securities senior market analyst said.
By contrast the United States and Germany market, the nikkei index is still far less than 2008 years before the financial crisis level, reflect the strong yen from the negative influence of the size. Five years or above the benchmark standard &poor's 500 index. SPX closed at the highest solid American enterprise earnings last Friday, Frankfurt DAX index GDAXI also shrank by five years of high.
The Japanese yen is still better than before the financial crisis in 2008 about 95 yen, but on the measurement of the euro and the dollar against a basket of major currencies. DXY wander in the level far below the level of before the financial crisis.
Safe harbor affected
Global macro economic environment improvement, restrain the safe haven assets, such as interest in gold.
Spot gold on Monday go steady yuan, quote per ounce of 1659.90 (1053.44 pounds), are still lower than the 200 day moving average line. High risk of stock market rose on Friday, gold, I also saw the biggest weekly decline this year (Friday). < GOL / >
Us crude oil futures ended up 0.1%, to $95.95 a barrel, and brent stable $113.23. < O/R >
, another industrial commodity demand prospects, London copper futures rose 0.4% to $8065 per ton a.
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Investors in the financial market pressure to ease, pump $5.65 billion, in the last week of the Global stock fund, most of them into emerging market stock funds EPFR Global data show that the last Friday.
Last Friday, the euro $1.3480 hit 11 months hovering near record high. In a dazely eight months lows, the euro, the dollar a week early in the morning. On Friday, European stocks cut fresh more months of peak.
Investors will focus on this week the federal open market committee statement last Wednesday, the United States due to Friday's non-farm employment.
The stock market downturn drag Asia credit market, expand the spread of iTraxx Asia (except Japan) investment grade index by 1 point.
 



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