Arab Today, arab today asian markets slip after weak us data reports
Last Updated : GMT 18:58:38
Arab Today, arab today
Arab Today, arab today

Asian markets slip after weak US data, reports

Arab Today, arab today

Arab Today, arab today Asian markets slip after weak US data, reports

Asian equity markets
Hong Kong - AFP

Asian stock markets ended mostly higher Wednesday after reversing earlier losses, although dealers remained nervous following a heavy sell-off in New York sparked by poor earnings reports.
Traders are also keeping an eye on Europe as Greece's new anti-austerity government prepares to face off with its international creditors over its bailout.
Tokyo gained 0.15 percent, or 27.43 points, to 17,795.73, Sydney added 0.10 percent, or 5.56 points, to close at 5,552.78 and Seoul rose 0.47 percent, or 9.18 points, to 1,961.58.
Hong Kong was up 0.34 percent in late trade. But Shanghai ended 1.41 percent, or 47.22 points, lower at  3,305.74 on liquidity fears after some banks tightened borrowing requirements for investors.
Investors -- already nervous due to political uncertainty in Greece, plunging oil prices and weak world economic growth -- ran for cover in US trade Tuesday in response to negative reports from some of the world's biggest firms.
Caterpillar, Microsoft, Procter & Gamble and mining giant Freeport-McMoRan all announced weak earnings or negative outlooks, sending their share prices plunging.
That sent Wall Street's three main indexes tumbling, with the Dow losing 1.65 percent, the S&P 500 off 1.34 percent and the Nasdaq shedding 1.89 percent.
Adding to the negative sentiment was news that US durable goods orders unexpectedly tumbled 3.4 percent in December, reminding investors that the US economy still has weak spots, especially its exposure to the global economic slowdown.
A Conference Board report, showing that US consumer confidence jumped in January to its highest level in more than seven years, was unable to lift the mood.
After US markets closed, Apple announced its quarterly profit rocketed to a corporate record of $18 billion at the end of last year on booming sales of big-screen iPhone models, especially in China.
Asian shares staged a rebound as Wednesday wound on, while the dollar picked up after taking a hit in New York.
The troubled euro -- which hit a more than 11-year low below $1.10 Monday -- jumped above $1.14 at one point in US trade Tuesday before easing slightly to $1.1380 by the end of the day.
In afternoon trade Wednesday the single currency retreated to $1.1362.
The dollar was at 118.05 yen Wednesday in Tokyo, up from 117.90 yen in New York, where at one point it sank to 117.40 yen.
The Singapore dollar sank after the city-state's central bank eased monetary policy in the face of falling consumer prices and weak economic growth. The US dollar surged to Sg$1.3569 at one stage, its highest since August 2010 and well up from Sg$1.3441 on Tuesday.
- Oil resumes slide -
The euro remains in focus as the Greece's new leftist Syriza leadership prepares for a standoff with the European Union and International Monetary Fund.
The party won weekend elections after campaigning to renegotiate the country's vast bailout that came with painful terms including spending cuts and high taxes.
Both sides appear ready to fight, with EU officials warning Prime Minister Alexis Tsipras not to seek any debt write-off or other radical change to the rescue programme.
"If the continuation of the programme of aid for Greece is called into question... Greek banks would lose access to central bank funds," Joachim Nagel, a member of the Bundesbank's executive board, warned in a Handelsblatt interview.
On oil markets the two main contracts resumed their downtrend after rising on Tuesday in reaction to the weaker dollar.
US benchmark West Texas Intermediate for March delivery slipped 65 cents to $45.58. The contract rose $1.08 Tuesday.
Brent North Sea crude -- which jumped $1.44 in the previous session -- shed 60 cents to $49.00.
Gold fetched $1,288.92 an ounce, against $1,280.38 late Tuesday.
In other markets:
-- Taipei fell 0.11 percent, or 10.67 points, to 9,510.92.
Taiwan Semiconductor Manufacturing Co. slipped 0.34 percent to Tw$146.5 while smartphone maker HTC rose 0.32 percent to Tw$158.5.
-- Wellington added 0.99 percent, or 57.09 points, to 5,794.82.
Contact Energy rose 4.72 percent to NZ$7.10 and Spark was up 3.10 percent at NZ$3.495.

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 slip after weak us data reports Arab Today, arab today asian markets slip after weak us data reports

 



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 slip after weak us data reports Arab Today, arab today asian markets slip after weak us data reports

 



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 Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
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 Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

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