News posted by www.newsinfoline.com
Asian stock markets were mixed on Tuesday as investors stayed cautious after an erratic session on Wall Street.Japan's Nikkei 225 stock average rose 0.5 per cent to 10,283.34, recovering slightly after shedding more than 2 per cent the previous day. Hong Kong's Hang Seng index edged up 0.2 per cent to 19,762.25.Benchmarks in Australia, Singapore and Taiwan also posted mild gains.Meanwhile, Seoul's Kospi fell 0.6 per cent to 1,640.88, and Shanghai Composite index retreated 0.7 per cent to 2,543.34.Overnight in New York, the Dow Jones industrials rose 0.1 per cent to 10,625.83 as investors spent the day tracking the euro's moves against the dollar. A drop and subsequent rebound in the euro steered the Dow from a loss of 184 points at midday to a gain of almost 6 by the close.Investors are looking at the euro as an indicator of confidence in European economies. The 16-nation currency has been sliding on concerns that debt problems will undermine Europe's recovery.A stronger dollar led to a broad sell-off in commodities Monday, dragging down shares of resource-related names in Asia. Japanese oil company Inpex Corp. lost 1.8 per cent, and Korea Zinc Co. tumbled almost 6 per cent.Among metals, copper, platinum and palladium all fell sharply.Energy prices also fell, led by oil, which fell below $70 a barrel for the first time since February.Also in New York, the Standard & Poor's 500 index rose 0.1 per cent, while the Nasdaq composite index added 0.3 per cent to 2,354.23.In currencies, the dollar fell slightly to 92.45 yen from 92.61 yen late Monday. The euro stood at $1.2352 from $1.2392.
News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment