Arab Today, arab today asian markets fall on back of us declines
Last Updated : GMT 21:05:32
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

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 asian markets fall on back of us declines Arab Today, arab today asian markets fall on back of us declines

 



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 asian markets fall on back of us declines Arab Today, arab today asian markets fall on back of us declines

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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