asian stocks mostly down on greece woes
Last Updated : GMT 04:22:55
Arab Today, arab today
Arab Today, arab today

Asian stocks mostly down on Greece woes

Arab Today, arab today

Arab Today, arab today Asian stocks mostly down on Greece woes

Asian stocks
Hong Kong - AFP

Most Asian markets retreated for a second straight session Tuesday, tracking a sell-off in global equities, as Greece struggles to find a debt reform compromise with its creditors, fuelling fears of a default and exit from the eurozone.

Despite increasing worries about Athens' future, the euro managed to hold up against the dollar and yen as traders await the outcome of policy meetings at the US Federal Reserve and Japanese central bank.

Tokyo fell 0.58 percent, Shanghai sank 1.54 percent, Hong Kong gave up 0.20 percent and Seoul shed 0.96 percent but Sydney rose 0.45 percent.

After the collapse of talks at the weekend, both sides in the long-running Greek crisis were locked in a stalemate Monday, blaming each other for the impasse.

The European executive insisted the EU-IMF creditors had made "major concessions" but the anti-austerity government in Athens continues to reject what it views as "irrational" demands.

Greece must agree a deal by the end of the month, when it is due to make a huge debt repayment, or else it faces a default that could lead to it plunging out of the eurozone.

US and European shares slipped. The Dow slipped 0.60 percent, the S&P 500 fell 0.46 percent and the Nasdaq lost 0.42 percent.

And in Europe, Greece's Athex dived 4.68 percent while Frankfurt DAX 30 lost 1.89 percent, London's FTSE 100 shed 1.10 percent and the Paris CAC 40 dropped 1.75 percent.

However, while the spectre of an exit looms large, the euro remains buoyant, sitting at $1.1278 and 139.14 yen in early Tokyo trade Tuesday, against $1.1285 and 139.23 yen in New York.

The dollar was at 123.33 yen against 123.38 yen in US trade.

"All week it will be about Greece and the Fed," Stan Shamu, a market strategist in Melbourne at IG Ltd, told Bloomberg News.

"We might start to see the Fed getting a little bit more upbeat and that could cause some volatility," he said.

"Most traders want to be cautious first and react after what happens towards the back end of the week with Greece. For now there will continue to be that element of caution in the market."

The Fed on Wednesday completes its latest policy meeting, with investors hoping for some new guidance on its plans for interest rates following a broadly upbeat string of data on the US economy in recent weeks.

And on Friday the Bank of Japan concludes its own meeting, which will be pored over to see if and when it will expand its already massive monetary easing programme to kickstart sluggish growth and inflation.

On oil markets US benchmark West Texas Intermediate for July delivery added 45 cents to $59.97 a barrel and Brent North Sea crude for August, a new contract, added 23 to $64.17.

Gold fetched $1,185.99 compared with $1,175.37 late Monday.

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 stocks mostly down on greece woes asian stocks mostly down on greece woes

 



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 stocks mostly down on greece woes asian stocks mostly down on greece woes

 



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