asian markets fall on back of us declines
Last Updated : GMT 09:28:14
Arab Today, arab today
Arab Today, arab today

Asian markets fall on back of US declines

Arab Today, arab today

Arab Today, arab today Asian markets fall on back of US declines

Oil prices
Hong Kong - AFP

Asian stock markets fell across the board on Thursday largely on the back of declines in the US triggered by concerns over a strengthening dollar and falling oil prices.
The Federal Reserve, meanwhile, failed to buoy markets when it repeated its pledge to remain "patient" regarding the US's first interest rate increase since 2006, signalling a June move remains in play.
Tokyo shares dropped 0.54 percent, Hong Kong fell 0.60 percent, and Shanghai lost 1.00 percent. Seoul declined 0.31 percent, but Sydney was largely flat.
Oil prices falling below $45 a barrel, close to their lowest level in six years, renewed concern of inflation slowing as well as declining global demand, have spooked investors who are already nervous about the impact of political uncertainty in Greece on the 19-member euro area.
As a result, all three benchmark US indices fell. The Dow Jones Industrial Average tumbled 1.13 percent, the broad-based S&P 500 slumped 1.35 percent, and the tech-rich Nasdaq Composite Index fell 0.93 percent.
"The risks surrounding international developments... are things like a global economic slowdown or lower inflation as represented by cheaper oil, and geopolitical risks triggered by the fall in oil prices," Mistushige Akino of Ichiyoshi Asset Management Co. told Bloomberg News.
Oil prices edged higher in Asian trading but gains were capped amid fresh concern over the growing global supply glut as US crude reserves soared to a record high, analysts said.
US benchmark West Texas Intermediate for March delivery rose five cents to $44.50, after suffering a sharp decline in New York, while Brent crude for March gained 11 cents to $48.58.
Samsung Electronics, the world's largest smartphone maker, posted a 27 percent decline in net profit for the fourth quarter Thursday, days after arch rival Apple reported the biggest corporate profit in history.
The South Korean tech giant also announced it was raising its dividend, while the profit fall was cushioned by a boom in high-margin chip sales that helped offset the downturn in the key mobile sector.
Samsung shares were hardly changed, edging down 2,000 won, or 0.07 percent, to 1,376,000 in early trading in Seoul.
The dollar, meanwhile, was at $1.1288 against the euro from $1.1284 in US trading. It was also at 117.99 yen, from 117.53 yen.
The euro was worth 133.21 yen from 132.62 yen.
Gold fetched $1,279.95 an ounce, against $1,287.20 late Wednesday.

 

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
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*

asian markets fall on back of us declines asian markets fall on back of us declines

 



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*

asian markets fall on back of us declines asian markets fall on back of us declines

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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