Asia-Pacific stock markets hit a recent low yesterday

Securities Times reporter Wu Jiaming the outlook for the global economic recovery, coupled with the international oil price "lost", yesterday, the Asia-Pacific region stock market fell, a recent low, a great deal this year to save the "results" in the summer heat wave to eliminate the momentum. Japan's stock market nine Lian Yin Japan's political uncertainty, the stock market caused no small pressure. Japan's Cabinet Office has confirmed that Japanese Prime Minister Taro Aso, who failed in the Tokyo Metropolitan Council election, will convene an election on August 30 and that the Japanese Parliament will be dissolved this month, according to news reports. At present, the LDP has suffered many failures in local elections, and the poll results have been bad for Mr Aso. In addition, Kakawa, a Japanese Democratic Party official, said Japan should diversify its foreign-exchange reserves and buy International Monetary Fund (IMF) bonds.　　His view is at odds with the LDP, which supports the purchase of U.S. government debt.　　Japan's consumer confidence index rose to 37.6 in June from 35.7 in May, the highest level since December 2007 and the index's sixth consecutive month, according to a consumer confidence survey released yesterday by the government. But the data have failed to offset the gloom caused by political instability, with the Nikkei 225 index closing down 2.6% per cent yesterday, at 9050.33 points, the lowest closing point since May 18.　　The index has fallen for the nineth consecutive session, with a cumulative decline of 9.1% per cent. In addition, 38 companies have retreated from the Tokyo Stock Exchange in the first half of this year, a record high since 1955.　　Some analysts pointed out that the increase in delisting enterprises will have a negative impact on the stock market. Asia-Pacific stock markets generally fell Taiwan's stock market and South Korea's stock market fell yesterday's "hardest hit". The Taiwan weighted stock index closed down 3.5%, reporting 6530.82 points, its biggest one-day decline in three months.　　The composite stock index of the South Korean stock market also fell 3.5% per cent to 1378.12 points, the lowest level since June 24. In addition, the Hong Kong Hang Seng Index closed down 2.56%, reported 17,254 points. The Singapore Straits Times Index fell nearly 2%. Australia's S&P/ASX 200 index closed down 1.5%, at 3737.5 points. 　　Europe's three major indices also fell slightly after opening yesterday. MSCI's global stock index has fallen by about 4% per cent since July and has risen by 21.2% in the second quarter.　　MSCI's emerging-market stock index has fallen by more than 10% since June 1. Despite the Asian-Pacific stock market slump, there is still no lack of support for the message. A report by the Organisation for Economic Cooperation and Development (OECD) notes that the South Korean economic integration index reached 99.8 in May, up 1.8 from the previous one months, suggesting that South Korea's recovery is expected to be faster than other countries in the OECD. In addition, economists expect Singapore's economy to expand for the first time in 5 quarters in the second quarter of this year, driven by manufacturing.