asian shares mixed in muted trade after wall street rally
Last Updated : GMT 18:26:54
Arab Today, arab today
Arab Today, arab today

Asian shares mixed in muted trade after Wall Street rally

Arab Today, arab today

Arab Today, arab today Asian shares mixed in muted trade after Wall Street rally

Asian shares
Hong Kong - AFP

Asian shares were mixed Thursday, as an afternoon rally on Wall Street gave investors room to breathe after concerns about China's economy jolted global financial markets.

The dollar inched higher, after taking a knock in New York from speculation the US Federal Reserve will delay hiking interest rates following China's devaluation of the yuan.

Tokyo opened flat, easing 0.23 points, Sydney added 0.57 percent and Seoul dipped 0.1 percent after the South Korean central bank left its key rate at a record low.

Hong Kong added 0.60 percent and Shanghai rose 0.19 percent in early deals.

China cut the rate of the yuan against the dollar for the third consecutive day Thursday, reducing the reference rate by 1.1 percent from the previous session.

The reduction comes after two previous cuts, on Tuesday and Wednesday, sparked concerns that China's economy, long an engine for world growth, is weaker than previously thought.  

The move fanned fears the Chinese currency could be set for a prolonged depreciation and send shockwaves reverberating through global financial markets.

Commodities along with stocks in Europe and Asia fell, safe-havens gold and bonds rose and currencies in Asia-Pacific suffered their worst two-day selloff since 1998.

But an afternoon comeback on Wall Street, led by Apple and energy stocks, and news China's central bank had intervened to stop the yuan tanking on Wednesday cheered dealers.

The intervention "is a hopeful sign that the authorities are not shooting for a maxi-devaluation," Tim Condon, head of Asian research at ING in Singapore, told Bloomberg News.

In Tokyo forex trade, the dollar fetched 124.30 yen early Thursday against 124.24 yen in New York late Wednesday.

The euro exchanged hands at $1.1156 and 138.67 yen compared with $1.1159 and 138.63 yen in US trade.

Oil prices were mixed on Thursday after edging up from a six-year low in New York on news US oil supplies declined and the dollar retreated.

US benchmark West Texas Intermediate for delivery in September fell three cents to $43.27 and Brent crude for September rose five cents to $49.71 in morning Asian trade.

Safe-haven gold fetched $1,121.23 compared to $1,117.50 late Wednesday.

In individual shares, Australia's Telstra fell two percent to Aus$6.12 after the telecoms company said annual net profit fell one percent Aus$4.23 billion after the sale of Hong Kong mobile business CSL.

Chinese Internet giant Alibaba closed more than five percent lower in New York at $73.38 after a disappointing quarterly report showed sales growth cooling.

arabstoday
arabstoday

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

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
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 shares mixed in muted trade after wall street rally asian shares mixed in muted trade after wall street rally

 



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 shares mixed in muted trade after wall street rally asian shares mixed in muted trade after wall street rally

 



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 Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
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 Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
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 Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
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 Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
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 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

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 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

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