asian stocks mostly up after record on wall street
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Asian stocks mostly up after record on Wall Street

Arab Today, arab today

Arab Today, arab today Asian stocks mostly up after record on Wall Street

Most Asian markets rose Friday
Hong Kong - AFP

Most Asian markets rose Friday, taking a positive lead from Wall Street where the Nasdaq broke a 15-year-old record high, while the euro ticked higher ahead of a key eurozone meeting to discuss Greece's debt crisis.

Oil prices edged down after another rally that has been fuelled by worries that unrest in Yemen could hit Middle East supplies.

Hong Kong added 0.45 percent, Sydney rose 1.19 percent and Seoul gained 0.23 percent while Singapore put on 0.41 percent and Taipei jumped 1.35 percent.

However, Tokyo slipped 0.55 percent and Shanghai lost 0.68 percent.

With few catalysts in Asia, investors tracked their US counterparts, where the tech-heavy Nasdaq passed its previous record high set at the peak of the dot-com boom.

The index added 0.42 percent to finish at 5,056.06, finally making up the nearly 4,000 points lost in a stunning crash that followed the previous closing high set on March 10, 2000.

The Dow gained 0.11 percent and the S&P added 0.24 percent.

Thursday's advances came despite official data showing fresh claims for US unemployment insurance benefits edged up marginally, while sales of new homes plunged in March after a sharp rise in February.

The figures will further muddy the waters for the Federal Reserve as it debates when to hike record-low interest rates.

On forex markets the dollar eased to 119.50 yen from 119.55 yen in New York late Thursday as expectations for an early summer hike narrow following several below-par US readings lately.

The euro bought $1.0814 and 129.25 yen against $1.0823 and 129.39 yen in US trade.

However, the single currency is still up from the $1.0703 and 128.28 yen in Tokyo earlier Thursday ahead of the meeting of eurozone finance ministers in Latvia's capital Riga later in the day to talk about Greece.

The Eurogroup meeting comes with Athens running out of cash and struggling to reach a bailout reform deal with its creditors that will unlock billions of euros to service its debts to avert a default and likely exit from the eurozone.

However, Kathy Lien of BK Asset Management said that while there is optimism an agreement can be reached "in reality the rebound in (the euro) reflects short covering ahead of the meeting".

Oil prices dipped on profit-taking after sharp gains Thursday that came as a Saudi Arabia-led coalition renewed airstrikes against rebels in Yemen.

While Yemen is not a major producer, it sits on a key strategic entry point into the Red Sea through which some 4.7 million barrels of oil pass each day.

US benchmark West Texas Intermediate fell 23 cents to $57.51 while Brent dipped 25 cents to $64.60.

On Thursday WTI gained $1.58 and Brent advanced $2.12.

Gold fetched $1,193.36 against $1,189.92 late Thursday.

arabstoday
arabstoday

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 up after record on wall street asian stocks mostly up after record on wall street

 



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 up after record on wall street asian stocks mostly up after record on wall street

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday