Arab Today, arab today asia markets mixed despite wall street gains
Last Updated : GMT 16:33:06
Arab Today, arab today
Arab Today, arab today

Asia markets mixed despite Wall Street gains

Arab Today, arab today

Arab Today, arab today Asia markets mixed despite Wall Street gains

Wall Street gains
Hong Kong - AFP

Asian markets were mixed Friday following strong gains on Wall Street, with Tokyo enjoying a significant bump due to the dollar's rise against the yen.
Tokyo rose 0.79 percent by the break and Shanghai climbed 0.20 percent in early trade, but Hong Kong slipped 0.33 percent in the morning, Seoul shed 0.48 percent and Sydney was down 0.20 percent.
The dollar -- trading at its strongest levels in two weeks -- rose into the 108-yen range, with risk sentiment lifted by encouraging Chinese manufacturing data and solid readings for eurozone business activity.
A weak yen is positive for Japanese exporters as it makes them more competitive abroad and inflates profits when repatriated.
"The weaker yen should naturally benefit Japan stocks, and help to highlight the fact that shares are looking cheap from many perspectives," said Mutsumi Kagawa, senior global strategist at Tokai Tokyo Research Center.
In the US, stocks bolted higher Thursday following a series of mostly strong earnings reports from Dow members Caterpillar, 3M and others.
At the closing bell, the Dow Jones Industrial Average stood at 16,673.63, up 213.31 points (1.29 percent).
The broad-based S&P 500 gained 23.43 (1.22 percent) at 1,950.54, while the tech-rich Nasdaq Composite Index soared 69.95 (1.60 percent) to 4,452.79.
"The industrials are leading the market much higher," said Peter Cardillo, chief market economist at Rockwell Global Capital.
"The economic news was somewhat mixed. But we did have very good earnings."
The dollar was at 108.14 yen early Friday, down from 108.27 yen in New York Thursday afternoon but well above 107.24 yen in Tokyo earlier Thursday.
The euro bought 136.83 yen against 136.93 yen in New York and 135.59 yen in Tokyo on Thursday.  
The common European currency bought $1.2651 against $1.2647 in US trade.
On oil markets, prices resumed their downtrend in Asian trade. The US benchmark West Texas Intermediate for December delivery fell 74 cents to $81.35 a barrel and Brent crude for December declined 60 cents to $86.23.
Gold was at $1,229.75 an ounce against $1,240.97 late Thursday.
-- Dow Jones Newswires contributed to this article --

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia markets mixed despite wall street gains Arab Today, arab today asia markets mixed despite wall street gains

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday