Arab Today, arab today asia stocks flat as traders await next fed step
Last Updated : GMT 05:32:05
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Asia stocks flat as traders await next Fed step

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Arab Today, arab today Asia stocks flat as traders await next Fed step

Bangkok - SPA

Asian stock markets were little changed Monday as traders weighed the consequences of an anticipated phasing out of the U.S. central bank\'s unprecedented stimulus program, AP reported. The Federal Reserve has been aggressively buying government bonds to push down interest rates and return employment to normal levels after millions lost jobs in the recession that followed the 2008 financial crisis. The Fed says the program has helped stimulate the economy by making it easier to buy homes and invest in businesses. The Fed has also said the program is not indefinite and will be phased out when the economy improves. Japan\'s Nikkei 225 index rose 0.4 percent to 13,706.36. South Korea\'s Kospi fell 0.3 percent to 1,914.92. Hong Kong\'s Hang Seng declined 0.2 percent to 22,474.39. Australia\'s S&P/ASX 200 fell 0.1 percent to 5,107.90. Trading was suspended in the Philippines due to severe flooding. Mainland Chinese shares were mixed. Taiwan and Indonesia fell. Among individual stocks, Australian steel maker BlueScope Steel plunged nearly 16 percent after reporting a net loss of $84 million Australian dollars for the 2012-13 financial year. Internet-related companies in Hong Kong posted gains. NetDragon rose 5.2 percent, while Tencent Holdings advanced 1.5 percent. In currencies, the euro rose to $1.3323 from $1.3319 late Friday. The dollar rose to 97.59 yen from 97.53 yen.

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GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
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Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

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US Stocks Close Higher

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