Arab Today, arab today asian markets mixed as us fed prepares for meeting
Last Updated : GMT 22:28:13
Arab Today, arab today
Arab Today, arab today

Asian markets mixed as US Fed prepares for meeting

Arab Today, arab today

Arab Today, arab today Asian markets mixed as US Fed prepares for meeting

Hong Kong - AFP

Asian markets were mixed on Tuesday, with traders sitting on the sidelines as they await the US Federal Reserve\'s plans for its stimulus programme. The dollar enjoyed another positive day, with Wall Street also providing a strong lead thanks to upbeat US housing data. Tokyo\'s benchmark Nikkei index dropped 0.20 percent, or 25.84 points, to 13,007.28, after jumping 2.73 percent the day before, as the Topix index of all first-section shares rose 0.15 percent, or 1.68 points, to 1,086.40. \"The market is due for some profit-taking, but valuations are technically attractive at current price levels, which should provide decent downside support,\" said SMBC Nikko Securities general manager of equities Hiroichi Nishi. Panasonic slipped 0.53 percent to 743 yen, mobilephone operator SoftBank declined 0.19 percent to 5,240 yen, while Toyota was up 1.75 percent to 5,800 yen. Sony jumped 4.41 percent to 2,036 yen after US billionaire Daniel Loeb said he has upped his stake in the electronics giant. Loeb has repeated his call for Sony to spin off part of its entertainment division, ahead of the firm\'s annual shareholders meeting on Thursday. Sydney fell 0.24 percent, or 11.5 points, to 4,814.4. But Seoul rose 0.93 percent, or 17.52 points, to 1,900.62. Hong Kong finished flat, edging down 0.02 points to 21225.88 while Shanghai was up 0.14 percent, or 3.07 points, at 2,159.29. Markets have been in turmoil for weeks as investors speculate on whether the Federal Reserve will continue with its $85-billion-a-month quantitative easing programme, which has helped fuel a global stocks rally. The Fed is expected to announce Wednesday after a two-day meeting when or if it intends to begin reeling in the huge bond-buying scheme as the economy shows signs of picking up. The US unit was trading at 95.15 yen in afternoon trade, against 94.67 yen in New York late Monday. However, it is still down around nine percent from its recent peak in late May. The euro bought 12701 yen and $1.3350 compared with 126.52 yen and $1.3363. Oil prices eased. New York\'s main contract, light sweet crude for delivery in July, fell 17 cents to $97.60 a barrel in the late afternoon and Brent North Sea crude for August delivery lost two cents to $105.56 45. Gold was at $1,380.10 at 0810 GMT from $1,386.40 late Monday. In other markets: -- Taiwan rose 0.23 percent, or 18.13 points, to 8,011.02. Chunghwa Telecom was up 0.83 percent at Tw$96.0 while Taiwan Semiconductor Manufacturing Company was 0.47 percent higher at Tw$106.5. -- Manila closed 2.83 percent higher, gaining 179.36 points to close at 6,518.77. Alliance Global Group rose 3.98 percent to 23.50 pesos while SM Prime Holdings gained 3.04 percent to 16.96 pesos. -- Wellington rose 0.33 percent, or 14.47 points, to 4462.10. Ryman Healthcare added 2.9 percent to NZ$6.30 while Telecom was up 1.3 percent at NZ$2.28.  

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 mixed as us fed prepares for meeting Arab Today, arab today asian markets mixed as us fed prepares for meeting

 



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 mixed as us fed prepares for meeting Arab Today, arab today asian markets mixed as us fed prepares for meeting

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
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 Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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