Asian stock markets Friday floundered as promoting China's industrial structure adjustment, the second part is the world's largest economy slowdown blamed.
Beijing ordered the company closed plants in 19 industries, the price war led to overproduction, affirming its determination to promote the painful economic transformation. The move followed Wednesday's weak manufacturing data.
Communist leaders are trying to reduce the dependence on investment and trade. But two decades lows of 7.5% in the previous quarter, to promote China's economic slowdown, had prompted suggestions that they may have to change course, and to provide more investment to stimulate the economy and reduce the threat of unemployment and unrest .
Japan's Nikkei 225 stock average fell 3% 14,129.98 yen rose against the dollar. Hong Kong's Hang Seng Index was little changed at 21,904.18. China's Shanghai Composite Index fell 0.3% to 2,015.14 points.
Manuel Antonio Lisbona, from Manila's PNB Securities Inc., said trading mixed can be attributed to continued weak market reaction to economic data from China and unexciting corporate earnings reports.
"This is a continuation of the mood of the last few days," he said. "The market is still digesting out of China earlier this week, the impact of weak economic data."
Elsewhere in the region, Australia's S & P / ASX 200 index rose 0.1% to 5,042. In Singapore, Malaysia and New Zealand stock markets were slightly higher, while the benchmark in the Philippines and Indonesia fell.
Andrew Sullivan, Asia mainly for Kim Eng Securities Dealers said the market has been the Japanese yen strengthened people waiting overnight Abe views on the future of economic reform steps, the government will take. He said that the market-oriented agriculture, employment, and tax changes in the pharmaceutical industry look for signs.
He said that, overall, the transaction has been quiet for a lot of people waiting for next week in the U.S. Federal Open Market Committee meeting of the U.S. government bond purchases cone guidance. Since late last year, the U.S. Federal Reserve has purchased $ 8.5 billion worth of government bonds and mortgage bonds a month - this has maintained long-term rates at record lows, and support economic recovery.
European stocks lower on Thursday Amid mixed economic and corporate news. Not even an upbeat German business survey, or there is news that the UK economy has picked up steam may change the current sell-off mood.
U.S. economic data failed to lift the mood on Wall Street and more, mainly due to the increase in aircraft sales, because it is a larger than expected 4.2% in June durable goods orders surge in desalination. Meanwhile, in the U.S. weekly initial jobless claims increased 7,000 or less in line with market expectations.
At the close, the Dow Jones industrial average rose 13.37 points, or 0.1 percent, to close at 15,555.61 points. Standard & Poor's 500 index rose 4.31 points to 1,690.25 points, or 0.3%.
Run around the world the latest corporate earnings also failed to excite. While some companies such as Facebook has left a deep impression, investors did not show much willingness to push back the market for corporate earnings. In the latest version, Facebook and GM (General Motors) is impressive, but the German chemical company BASF disappointed.
In energy trading, in electronic trading on the New York Mercantile Exchange, benchmark crude fell 37 cents to $ 105.13 a barrel. Rose 10 cents to settle at $ 105.49 on Thursday.
From $ 1.3277 late Thursday, the euro was little changed at $ 1.3280. Dollar fell to 99.15 yen from 98.79 yen.
 



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