World Markets were mixed again on Thursday as Asian markets ended September mostly lower. Ongoing worries over the stability of Europe's economy fueled by the drop on Wall Street yesterday affected major markets. The yen rallied against the weak USD.
Shares of Japanese manufacturers struggled on Thursday, after government data further darkened an already bleak picture for industrial output. Shares of Toyota fell 2.50% and shares of Suzuki Motor Corp dropped 2.98%.
Japan's Nikkei closed down 190.03 points, or 1.99%, to 9,369.35.
Property stocks rally in China -- Property stocks pushed the Shanghai exchange into green territory on Thursday and a finalized announcement regarding purchasing a home was released. 1st home buyers must now pay 30% down, 2nd time buyers must pay 50% down and 3rd time must basically pay cash for a house. Investors were “hanging in balance” until this announcement was finally released on the details.
China/US tensions -- Chinese Foreign Ministry made a statement expressing strong opposition to U.S. bill that will increase tariffs stating that it breaches WTO rules.
The Shanghai Stock Exchange ended the day up 44.98 points, or .1.72%, to 2,655.66.
The Hang Seng closed down; sliding .09% to 22,358.17.
Elsewhere, the smaller markets were mixed also:
South Korea's Kospi increased .34% to 1,872.81.
Australia's S&P/ASX 200 fell 1.337% to 4,582.900.
India's Sensex rose .57%.
Malaysia's Kuala Lumpur Composite Index gained 1.72 points to 1,463.50.
Indonesia's Jakarta Composite Index was a winner as it rose .17%.
Shenzhen Composite gained 1.670% to 1,223.250.
Taiwan's Taiex dropped .04%.
Singapore's Straits Times Index gave up .27%.
New Zealand's NZX-50 closed down 1.51%.
Philippine shares were down .267%.
Shares in Thailand rose .583%.
