Jakarta - US stocks (Wall Street) also fall on the first day of trading in 2016 following the weakening of the majority of the Asian markets. China feared economic downturn hamper global economic growth has been blamed as a trigger.
|United States stock market (Wall Street) also fall on the first day of trading in 2016 following the weakening of the majority of the Asian markets. (Peter MacDiarmid / Getty Images)|
The survey showed factory activity in China, which is the world's second largest economy, shrank sharply in December. That triggered a slump in the Chinese stock market by 7 percent on Monday (4/1) local time that trade is stopped. Conditions that adds to investor concern about the possibility of China's central bank keeping the yuan fixed against the dollar weakening.
While in the country, the US economic data released by the Institute for Supply Management adds to investor concerns following weaker factory activity unexpectedly in December 2015.
Indexes partially recovered at the end of the trading session, following the rise in oil prices caused energy stocks managed to trim losses. Oil prices reversed direction following the tension between Saudi Arabia with Iran that sparked fears of supply restrictions.
Crude West Texas Intermediate (WTI) for delivery in February fell 0.8 percent to US $ 36.76 per barrel on the New York Mercantile Exchange, after touching the highest level of US $ 38.39 and US $ 36.33 lows. While the Brent oil price fell 0.2 percent to US $ 37.22 a barrel on London's ICE Futures exchange.
Previously, the majority of Asian stock markets closed with a first attenuation. The Hang Seng Index fell 587.28 points (2.68 percent) to 21327.12, the Nikkei fell 582.73 points (3.06 percent) to a level of 18450.98, and the Straits Times fell 46.76 points (1.62 percent) to 2835.97 position. While the Composite Stock Price Index (CSPI) fell 67.08 points, or 1.46 percent at 4525.91. (ags)