All main stock indexes in Hong Kong, China and Japan ended last trading week with decline
Beginning of a new week could bring some improvement.
On Friday, Hong Kong-listed Hang Seng index dropped in more than 0,5%, as Hong Kong stock exchange was affected by events in China and the U.S. Newly published first-quarter results of companies traded on stock exchange could be a cause of the decline. And these results turned out to be worse than expected. Hong Kong investors will be watching out for decisions of People’s Bank of China on stimulus package for China’s economy.
Shares on mainland Chinese stock markets dropped, yet the decline was softened by statement of Beijing on upcoming fiscal impulse to support the economy. Main Shanghai stock exchange index fell in 1%. Japanese Nikkei stock market index dropped almost 1%, yet it lost more than 3% during whole the week. Shares of industrial companies and enterprises slumped the most, as their economy is dependent on economic cycle. According to analysts, start of a new week brings hope for some improvement.