Mild downward trends recorded by the key indices in most Asian stock exchange markets in the last trading session of the week. The trading volume was limited as many markets, including Australia, Hong Kong, India and Singapore, were closed due to Easter holidays. Respectively, the markets of Europe and America will remain close.
On the dashboard, the Japanese Nikkei closed the trading session at 9,682.21 points, with a minor drop of 0.04 %. The broader Topix moved upwards by 0.05%.
The Japanese government approved additional expenditure amounting to 4 trillion yen ($48.5 billion) to support and relief the affected areas by the earthquake, a move that does not include issuing new bonds. The amount will be used to fund temporary housing, for rebuilding infrastructure and for low-interest loans to businesses affected by the earthquake and tsunami of March 11.
Furthermore, the shares of Mitsubishi UFJ Financial Group rose by 0.5% in the wake of news that will gain 200 billion yen by the conversion of Morgan Stanley’s premium shares to common.
In mainland China, the market showed negative signs due to the fears that the Chinese government will apply further tightening measures to fight inflation, something that will cause a decline on the development rates and demand. The Shanghai Composite fell by 0.53% and the broader CSI 300 declined by 0.53%. The index Kospi in South Korea reduced by 0.03% while in Taiwan the Taiex index recorded profits of 0.13%.
