Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Asian share prices mostly lower as Wall Street rally fades

Shares are mostly lower in Asia despite Wall Street's extended winning streak. Japan's Nikkei 225 slipped 0.1 percent by midday on Wednesday while the Hang Seng index gained 0.7 percent.

Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Jan. 10, 2018. Share prices were mostly lower in Asia on Wednesday despite Wall Street’s extended winning streak. Chinese shares were buoyed by surging oil prices. (AP Photo/Eugene Hoshiko), Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Jan. 10, 2018. Share prices were mostly lower in Asia on Wednesday despite Wall Street’s extended winning streak. Chinese shares were buoyed by surging oil prices. (AP Photo/Eugene Hoshiko)
By The News Whatsapp Twitter Facebook Share
1 week ago

TOKYO (AP) — Share prices were mostly lower in Asia on Wednesday despite Wall Street’s extended winning streak. Chinese shares were buoyed by surging oil prices.

KEEPING SCORE: Japan’s Nikkei 225 index lost 0.1 percent to 23,816.31 and the Kospi in South Korea lost 0.3 percent to 2,502.72. Australia’s S&P ASX 200 slipped 0.5 percent to 6,104.80. But the Hang Seng index in Hong Kong jumped 0.7 percent to 31,230.37 and the Shanghai Composite index added 0.4 percent to 3,425.84. Shares fell in Taiwan and were mixed in Southeast Asia.

WALL STREET: Stocks pushed further into record territory Tuesday, with health care stocks and banks leading the gains. The S&P 500 rose 0.1 percent to 2,751.29 to equal its longest winning streak leading off a year since 2010. The Dow Jones industrial average rose 0.4 percent to 25,385.80 and the Nasdaq composite gained 0.1 percent to 7,163.58. The Russell 2000 index of small-cap stocks slipped 0.1 percent to 1,560.10.

OIL RALLY: Gains in oil prices helped lift energy sector heavyweights in Hong Kong. China Petroleum & Chemical Corp. gained 2.8 percent while PetroChina added 1.9 percent and China Shenhua climbed 2.1 percent.

ANALYST VIEWPOINT: “The slew of positive factors creates a breeding ground for optimism as we find the U.S. market sustaining on the climb. The Dow Jones, S&P 500 and NASDAQ indices brought us fresh highs once again on Tuesday, though the carry through to Asian markets may be limited by caution ahead,” Jingyi Pan of IG said in a commentary.

CURRENCIES: The dollar fell to 112.29 Japanese yen from 112.65 yen late Tuesday. The euro rose to $1.1942 from $1.1938, and the British pound dipped to $1.3534 from $1.3540.

ENERGY: Benchmark U.S. crude oil rose 50 cents to $63.46 per barrel in electronic trading on the New York Mercantile Exchange. It jumped $1.23 to settle at $62.96 per barrel on Tuesday. Brent crude, the international standard, added 37 cents to $69.19 per barrel. It rose $1.04 to settle at $68.82 per barrel in London.

Comments Whatsapp Twitter Facebook Share
More From The News
Living

UAEM consolidates academic and scientifi ...

16 hours ago
Latest News

Thousands attend vigil for California mu ...

3 days ago
Latest News

Earthquake in Peru destroys dozens of ho ...

3 days ago
Latest News

Missile-alert mistake feeds doubts about ...

3 days ago
Most Popular

New Gmail Plug-in Helps You Write Better ...

By The News
Business

World Stocks Mixed as Investors await mo ...

By The News
Business

Saudi arrests of princes consolidates an ...

By The News
Business

Redesigned Chevy Silverado pickup loses ...

By Developer
Business

France vs. fake news offers test case fo ...

By Developer
Business