asian shares mostly up but china data hits sentiment
Last Updated : GMT 10:08:06
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.

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 mostly up but china data hits sentiment asian shares mostly up but china data hits sentiment

 



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 up but china data hits sentiment asian shares mostly up but china data hits sentiment

 



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