Steep declines in equity prices in Tokyo – OBI Online

Asian exchanges have gotten a slow start in April.

In Tokyo falling Nikkei 3.5 percent to 16,180.04, while the broader Topix index back 3.3 percent to 1303.13.

– Terrible Japan report

Investors possible disappoint the important Tankan survey, which in Q1 shows the weakest sentiment among large Japanese manufacturers in almost three years.

the central bank, which accounts for the survey, said according to Reuters that the depreciation will continue in Q2.

sentiment fell from 12 points in the 4th quarter last year to 6 points in the 1st quarter, while consensus according to Bloomberg was 8.

the yen reacts to strengthen against the dollar and major exporters burdens. Honda and Nissan falling 4.5 percent.

At the same time showed the final figures that purchasing manager index (PMI) for Japan’s industrial sector came in at 49.1 in March, in line with consensus and in line with preliminary figures. An index above 50 points indicates a recovery, under 50 rather the opposite.

– The markets seem to miss big stimulus that could have significant boost. The decline in Europe and the US, combined with the awful Tankan survey, getting people to sell in Asia, writes analyst Angus Nicholson in IG in a note according to CNBC.

– US main concern

the people’s eyes are currently directed towards today’s job report from the United States.

the consensus is according to MarketWatch that 203,000 jobs were created outside the agricultural sector in March. It would then be down from 242,000 in the previous month.

The unemployment rate is expected unchanged at 4.9 percent.

– The main concern in the markets seems to be the United States. Today’s job report is important, although few expect that it will disappoint. A bigger concern for stocks is what appears to be a new, disappointing earnings season, a scenario that is likely to weigh on markets globally, adds Nicholson added.

Red across the line

Elsewhere in Asia-Pacific region pointing arrows down also in Shanghai.

Shanghai Composite index falling 1.3 percent, while the large-cap index CSI 300 is down 1.4 percent. Developments happening despite several positive surprising macroeconomic figures – such as the PMI for the manufacturing sector.

Furthermore, we note that the Hang Seng in Hong Kong falling 1.3 percent, and the Kospi 200 index in Seoul pulls down 1 , 5 percent.

In Taiwan falls TAIEX index 1.1 percent, while the commodity heavy Sydney Stock exchange goes back 1.6 percent.

Asia-section here.