Exchange of ATP is reduced by the outcome of the constitutional referendum in Italy

Биржи АТР снижаются на итогах конституционного референдума в Италии

The main stock markets of the Asia-Pacific region (APR) show a negative trend in the first day of the working week on the background of the results of the referendum on the constitutional reform in Italy, according to the auction.

As at 08.11 GMT, the index of Shanghai stock exchange Shanghai Composite index declined 1.30%, to 3201,74 points, Shenzhen Shenzhen Composite index — on 0,63%, to 2071,26 points. Hong Kong’s Hang Seng Index fell by 0.36% to 22484,24 item, Korean KOSPI — on 0,24%, to 1965,95 points, the Australian S&P/ASX 200 — 0.69%, to 5406,20 points, Japanese Nikkei 225 — on 0,97%, to 18248,20 points.

Almost 60% of Italians held on Sunday the referendum voted against the constitutional reforms, initiated by Prime Minister Matteo Renzi. He took responsibility for the defeat and announced that Tuesday will be served to the President of Italy Sergio mattarella in his resignation. Investors feared that the failure of voters to support reform can lead to political instability.

Chief market strategist at IG Ltd Chris Weston (Chris Weston), whose opinion is quoted by the newspaper The Wall Street Journal, noted that markets reacted to this event safely. “There is no panic”, he added.

Supported quotes Asian stock statistics from China. The purchasing managers ‘ index (PMI) in the manufacturing sector of the country in November reached the highest level since July 2015, amounting to 53.1 points. The index for November was much better than in October when the PMI reached 52.4 points. Last week, the State statistical office published the official index of business activity in the services sector, which reached the highest level in more than two years and amounted to 54.7.