Arab Today, arab today asia shares mostly down profittaking hits hong kong
Last Updated : GMT 00:07:53
Arab Today, arab today
Arab Today, arab today

Asia shares mostly down, profit-taking hits Hong Kong

Arab Today, arab today

Arab Today, arab today Asia shares mostly down, profit-taking hits Hong Kong

Asian markets
Hong Kong - AFP

Asian markets mostly retreated on Tuesday, with Hong Kong hit by profit-taking after a near 15 percent rise in eight days, while Tokyo was hurt by a stronger yen.

The broad sell-off comes after a recent rally and follows losses on Wall Street as US investors prepare for corporate earnings season to get under way.

Hong Kong slipped 1.44 percent, Shanghai lost 0.19 percent, Sydney eased 0.28 percent and Tokyo was flat, while Seoul added 0.49 percent.

With few catalysts to spur business, traders took the opportunity to cash in ahead of key events this week, including US retail sales, Chinese growth and a European Central Bank (ECB) meeting.

"Clearly, investors are waiting for the next set of clues of how the global economy is evolving," Matthew Sherwood, head of investment markets research in Sydney at Perpetual Ltd., said.

"The data absence overnight meant they decided to take profits even though the US reporting season is set to move into a higher gear in the next two days," he told Bloomberg News.

On Wall Street the Dow eased 0.45 percent, the S&P 500 fell 0.46 percent and the Nasdaq dropped 0.15 percent

Hong Kong took a step back for the first time after an eight-session run that was fuelled by mainland Chinese investors seeking out relatively cheap equities after a year-long surge in Shanghai.

Retail traders north of the border have been on an investment binge in China on hopes the government will unveil economy-boosting measures following a string of weak data over recent months.

On currency markets the euro resumed its downward trend, hovering near 12-year lows ahead of the US retail sales data, which if strong could revive talks of an early Fed rate hike.

The single currency was at $1.0573 compared with $1.0571 in New York. It has slipped from $1.0620 in Asia at the end of last week.

The euro fell through the $1.05 mark in March for the first time since 2003 on talk of a Fed hike as the ECB embarks on a huge bond-buying stimulus programme.

The euro was also at 126.90 yen against 127.02 yen in New York.

The dollar eased to 120.01 yen compared with 120.15 yen in New York and well off the 120.44 yen in Tokyo earlier Monday.

Oil prices edged higher. US benchmark West Texas Intermediate for May delivery gained 36 cents to $52.27 while Brent crude for May rose 36 cents to $58.29.

Gold fetched $1,200.08 against $1,199.90 late Monday.

arabstoday
arabstoday

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
Arab Today, arab today
Arab Today, arab today

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 shares mostly down profittaking hits hong kong Arab Today, arab today asia shares mostly down profittaking hits hong kong

 



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 shares mostly down profittaking hits hong kong Arab Today, arab today asia shares mostly down profittaking hits hong kong

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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