April 19 (Bloomberg) - Asian stocks dropped, sending benchmark in the region to its longest losing streak in five weeks, then the yen rose for a fourth day after Standard & Poor prospects of credit on the United States to negative.
The MSCI Asia Pacific Index sank to 1.2% of 3: 00 pm in Tokyo, in decline for a third day. Futures contracts on the S & P 500 Index dragged 0.3 per cent, while those on the Euro Stoxx 50 Index added 0.4%. Japanese future binding mounted for a fifth day. The yen strengthened against all 16 major peers. The New Zealand dollar has led to a decline in currencies of higher performance. Remote record gold.The Japanese exporters led declines, extending to a global slump in the stock market, after S & P to the Government of the United States notice that it risks losing its AAA credit rating, unless decision makers to agree on a plan in 2013 to reduce budget deficits and national debt. Plans of Greece to sell 1.25 billion euros ($1.78 billion) of the 13-week Treasury Bills today, as the culture of speculation that the country will have to restructure its debt pushed yields of the obligations of the euro-ère records yesterday. "" If we get to a point where the United States has its debt downgraded, the deflationary effects will be felt in the world, "said Tim Schroeders, that allows to manage about 1 billion dollars to Pengana Capital Ltd. in Melbourne. "Credit is a dollar U.S. debt prices and these effects will be felt around the world."More than four shares fell to everyone who has acquired Asia Pacific the MSCI Index. Nikkei 225 Stock average of the Japan loses 1.2%, with Toyota Motor Corp. declined by 3.1%.Chip EarningsCnooc Ltd. fell by 2.2 per cent while BHP Billiton Ltd. sank at 1.8% after a decline in prices yesterday. Newcrest Mining Ltd. have slipped 0.9% after the largest gold mines in the Australia company reduce its production for a second time.LG Display Co. jumped 6.9% after the second world - the largest manufacturer of flat screen monitors reported a loss that is smaller than analysts estimates. Renesas Electronics Corp. and Elpida Memory Inc. has decreased more than 4.7% each, stimulation of losses among connected after the computer chip companies as Texas Instruments Inc. forecast revenue in the second quarter and profit which did not estimates of some analysts.Texas Instruments has decreased in trade extended after the largest manufacturer of analog-chip forecast of profit in the current quarter will be 52 cents to 60 cents a share on sales of 3.41 to 3.69 billion. Which is comparable to the estimate of the average analyst 63 cents to profit on 3.53 billion in sales, a Bloomberg survey. Goldman Sachs Group Inc. and Johnson & Johnson are among the companies expected to release quarterly results today.U.S. OutlookThe S & P 500 dropped 1.1% yesterday, its steepest since March 16 loss, as S & P, has said there is a chance of one in three U.S. rating could be cut in two years and that his "basic premise" is that Congress and the administration of Obama will come to terms on a plan to reduce Records.Rendements deficits over 10 years treasuries were little changed at 3.38% after having declined yesterday the three basis points. Noda of Yoshihiko for the Minister of Finance of the said Japan U.S. debt continues to be an "attractive investment", and economic and fiscal policy Minister Kaoru Yosano said that Treasury would still "titles of very good quality" even if the rank was lowered.Performance of 10 years to the point of reference of the Japan fell a half point base to 1.24%, while futures from the requirement of 10 years for June delivery gained 0.18 to 139.54 on the Tokyo Stock Exchangewhich extends from their series of victories in the longest eight months. "Fearing" market "really sums up how much time the market may remain fearful on Europe and the United States," said Adam Carr, a senior economist in Sydney in Australia Ltd., a unit of brokers broker ICAP largest in the world. "" " Risk aversion generally assumes a repatriation of funds into yen. "The weak so-called kiwi 0.9 cents 78.35% American, while the Korea of the South won decreased by 0.3% to 1,091.40 per dollar. Taiwan dollar weakened from 0.2% to NT$ 29.150, and the Australian dollar declined from $1.0456 to $1.0509 yesterday.The yen traded at 82.46 per dollar of 82.66 in New York yesterday, when he moved to 82.19, the highest since March 29. Currency of the Japan was a euro 117.66 117.20. The dollar bought $1.4214 a 1.4235.The euro $ purchase index of managers for the manufacture of the Euroregion dropped to 57.0 in April of 57.5 in March, according to the median estimate of economists in a survey of Bloomberg News before data due today. Readings above 50 indicate expansion.Greek CrisisYields over two years the Greek notes climbed above 20 percent yesterday and swaps of credit - default signal a chance to 64.5% of default within five years, while the representatives of the nation, said the restructuring is not being discussed. Portuguese yields two and 10 years also reached the euro-ère records.Index S & P commodity 24 GSCI fell 0.1%, extending the decline of 1.2% of yesterday. Oil for may delivery slipped 0.1% to $106.63 US per barrel on the New York Mercantile Exchange, after the fall of 2.3% of yesterday.Gold for immediate delivery fell by 0.3% to $1,491.25 an ounce after reaching a record level of $1,497.90 yesterday. Copper for the delivery of three months has gained 0.4% to $9,258 per metric tonne on the London Metal Exchange, halting a slump of 6.6 per cent of six days. Wheat gained 0.4% to $8.1375 a bushel, which extends from the wave of 3.9% yesterday, as conditions of winter crops, to the United States the largest exporter, has deteriorated.-With the help of Candice Zachariahs Sydney, Yoshiaki Nohara in Tokyo and Masaki Kondo, Ron Harui and Wes Goodman at Singapore. Editor: James Poole
To contact the reporters on this story: Shiyin Chen at Singapore at schen37@bloomberg.net. Anna Kitanaka in Tokyo, at akitanaka@bloomberg.net.
To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net
