asian shares mostly down shanghai recovers slightly
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Asian shares mostly down, Shanghai recovers slightly

Arab Today, arab today

Arab Today, arab today Asian shares mostly down, Shanghai recovers slightly

Asian markets
Hong Kong - AFP

Asian markets were mostly lower Wednesday following a sell-off in New York and Europe, with fears about Greece returning to haunt dealers, while oil prices resumed their downward spiral after a slight uptick.
Shanghai's benchmark index recovered slightly after slumping more than five percent Tuesday -- its heaviest loss in five years -- although another round of weak inflation data capped gains.
Tokyo fell 1.38 percent, taking another hit from further strengthening of the yen, while Shanghai edged up 0.24 percent. Sydney shed 0.68 percent, Seoul eased 0.67 percent and Hong Kong was flat.
Tuesday's losses in Asia, which followed a week-long rally, spread to European and US markets and were exacerbated by news that Greece had brought forward a presidential election, raising worries of fresh political instability.
Members of parliament agreed to hold a poll to replace President Karolos Papoulias on December 17 instead of February, when it was due.
The election is a key test for Prime Minister Antonis Samaras, who will be forced to call snap general elections if his candidate fails to garner enough support.
Samaras said he brought it forward to clear "clouds of political instability in Greece and political uncertainty over Greece abroad".
Analysts warned the uncertainty could stall Greece's fiscal reforms that are required as part of its bailout deal with the European Union and International Monetary Fund.
Greek stocks plunged 12.8 percent -- the largest one-day drop in 27 years -- as investors feared a return to the dark days of the eurozone debt crisis that saw Athens almost leave the currency bloc.
The unease spooked dealers across the Atlantic, although initial sharp losses were pared by the end of trade. The Dow fell 0.29 percent and the S&P 500 dipped 0.02 percent but the Nasdaq added 0.54 percent.
-Yen rises against dollar -
In Shanghai the benchmark composite index, which had surged about 20 percent since last month -- moved in and out of positive territory after slumping Tuesday 5.43 percent on profit-taking.
The market had risen more than one percent in early exchanges but retreated after official data showed inflation had fallen to a five-year low of 1.4 percent in November, fanning fears of deflation in the world's number two economy.
The rise in the consumer price index released by the National Bureau of Statistics was the lowest since 0.6 percent in November 2009, and represented a slowdown from October's 1.6 percent.
On currency markets the dollar was at 119.44 yen early Wednesday, down from 119.63 yen in New York Tuesday afternoon and 120.18 yen in Tokyo earlier Tuesday. The yen has recovered over the past two days as dealers shift into safer assets during times of uncertainty.
The euro fell to 147.90 yen from 148.01 yen while fetching $1.2386 against $1.2378.
Oil prices -- which have been hammered by a global supply glut -- fell on expectations for a build-up in US crude stockpiles, indicating slack demand in the world's top oil consumer during the winter season.
US benchmark West Texas Intermediate for January delivery fell 85 cents to $62.97 while Brent crude for January eased 89 cents to $65.95.
The black gold rose slightly in New York after the US Department of Energy reduced its 2015 US production forecast marginally.
Gold was at $1,227.29 an ounce compared with $1,204.67 late Tuesday.

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 shares mostly down shanghai recovers slightly asian shares mostly down shanghai recovers slightly

 



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 mostly down shanghai recovers slightly asian shares mostly down shanghai recovers slightly

 



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 Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
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