Poor performance on Wall Street on Wednesday and impacted negatively on trade in Asian stock markets on Thursday, said CNBC.
Oil prices remained the focus of markets, at night there was a slight rise after the Energy Information Administration in the US announced a drop of 3.6 million barrels in reserves last week. This is the first decrease in reserves of 10 weeks.
In China indices erased initial increases despite the news about reforms in the procedures for initial public offerings (IPO). Wall Street Journal reported that in March 2016 the Chinese regulators will introduce new rules for initial public offerings. According to the newspaper currently 670 companies are waiting for approval to be listed on the stock exchange.
The main Shanghai Composite Index fell 0.46 percent, while the smaller Shenzhen Composite – 0.1%.
Shares of investment firms traded green territory, but these banks was selling. Shares of automakers reported a decline in shares between 0.9 and 1.9 percent. The heavy smog in Beijing stimulate the market for electric cars, says CNBC.
Japanese Nikkei 225 index ended the session with a 1.32% reduction to the lowest level in a month. Shares of major exporters such as Toyota, Honda, Panasonic and Sony are traded on red territory.
The yen fell a dollar traded at 121.63 yen.
Toshiba’s shares ended the session with a 0.71% increase, after the Nikkei business daily reported that the company will sell its television business in some countries, including Indonesia. Toshiba has commented that no formal decision was taken.
South Korea’s Kospi index recorded a modest increase of 0.2%. The central bank left its key interest rate unchanged at 1.5%, and they were expected.
Shares of retailers traded mixed, while the local version of Black Friday continues. K-Sale Day began two weeks ago will continue 26 days.
The Australian index S & P ASX 200 reported a decline of 0.84% to its lowest level in three weeks despite good employment data.