Arab Today, arab today asian shares mostly up but china data hits sentiment
Last Updated : GMT 09:45:22
Arab Today, arab today
Arab Today, arab today

Asian shares mostly up but China data hits sentiment

Arab Today, arab today

Arab Today, arab today Asian shares mostly up but China data hits sentiment

Hong kong - AFP

Asian markets were mostly higher on Thursday but sentiment took a hit after China released another batch of disappointing data, adding to fears about growth in the economic giant. The euro rose to a 29-month high against the dollar, while the Australian dollar also surged against its US counterpart after Sydney reported a jump in full-time employment. Tokyo fell 0.10 percent, or 14.41 points, to finish at 14,815.98 and Hong Kong was down 0.67 percent, or 145.87 points, at 21,756.08 but Sydney rose 0.53 percent, or 28.4 points, to close at 5,412.6. Seoul added 0.10 percent, or 1.84 points, to 1,934.38. Shanghai jumped 1.07 percent, or 21.42 points, to end at 2,019.11, with analysts suggesting Chinese policymakers should start looking at moves to boost economic growth. China said industrial output, which measures production at factories, workshops and mines, rose 8.6 percent year on year in January and February, the slowest rate since April 2009, at the height of the global financial crisis. At the same time retail sales, a key indicator of consumer spending, were up 11.8 percent, which was also the worst performance for several years.However, the news adds to speculation the Chinese economy -- a crucial driver of regional and global growth -- is slowing and comes days after officials announced a surprise trade deficit in February, which sent world shares tumbling. Zhou Hao, Shanghai-based economist for ANZ bank, called the data "a complete mess" and said it showed that policies were needed to spur growth. "Basically none of the figures were in line with expectations, all came in much lower than expected," he told AFP. And ANZ economist Liu Ligang told Dow Jones Newswires: "It is time for the government to consider some loosening, either fiscal or monetary, to sustain growth." - Euro touches 29-month high - Wall Street provided a mixed lead, with the Dow losing 0.07 percent, the S&P 500 edging up 0.03 percent and the Nasdaq 0.37 percent higher. In currency exchanges, the euro hit $1.3950 intraday -- its highest since the end of 2011 -- before easing a tad to $1.3945 in the late afternoon. Dealers moved into the unit after figures showed industrial output in the 18-nation eurozone fell 0.2 percent in January, following a sharper drop of 0.4 percent in December when it had 17 members. However, the underlying trend appears consistent with a very modest economic recovery in the bloc. Compared with January 2013, output increased 2.1 percent. The euro was also at 143.08 yen from 142.85 yen in New York, while the dollar stood at 102.60 yen, against 102.75 yen. In other forex deals, the New Zealand dollar jumped to 85.60 US cents, its highest level since October, after country's central bank hiked interest rates and indicated further rises were likely. And the Australian dollar jumped to 90.65 US cents from 89.53 US cents late Wednesday after a better-than-expected rise in full-timepositions. Oil prices were higher. New York's main contract, Wet Texas Intermediate for April delivery, rose 15 cents to $98.14 and Brent North Sea crude for April was up 25 cents at $108.27. Gold fetched $1,373.20 an ounce at 0840 GMT compared with $1,356.38 late Wednesday. In other markets: -- Taipei rose 0.73 percent, or 63.06 points, to 8,747.79. Taiwan Semiconductor Manufacturing Co. jumped 3.1 percent to Tw$116.5 while smartphone maker HTC fell 0.34 percent to Tw$148.0. -- Wellington added 0.30 percent, or 15.45 points, to 5,111.98. Fletcher Building was up 2.10 percent at NZ$9.73 and Air New Zealand gained 2.45 percent to NZ$1.88. -- Manila eased 0.51 percent, or 32.68 points, to 6,429.79. Philippine Long Distance Telephone Co. dropped 2.23 percent to 2,720 pesos while International Container Terminal Services Inc. was unchanged at 100 pesos.

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 shares mostly up but china data hits sentiment Arab Today, arab today asian shares mostly up but china data hits sentiment

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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