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The Financial Express

Asian shares mixed after Wall Street declines

Published: November 08, 2017 12:58:44 | Updated: November 09, 2017 15:27:31


File Photo (Collected) File Photo (Collected)

Asian shares were mixed Wednesday after Wall Street declined as President Donald Trump delivered a new warning to North Korea in a speech to South Korean lawmakers.

The Shanghai Composite Index gained 0.1 per cent to 3,417.98 and Japan’s Nikkei 225 fell 0.4 per cent to 22,853.46. Hong Kong’s Hang Seng added 5 points to 28,998.07.

Sydney’s S&P-ASX 200 lost 0.5 per cent to 8,685.07. Seoul’s Kospi gained 0.4 per cent to 2,556.82 and Malaysia also advanced. New Zealand, Singapore, Taiwan and Jakarta retreated, reports AP.

US stocks slipped as smaller companies and banks took their worst losses in a few months as interest rates moved lower. The S&P 500 index dipped 0.49 points to 2,590.64.

The Dow Jones industrial average added 8.81 points to 23,557.23, another record high. The Nasdaq composite fell 0.3 per cent to 6,767.78.

The dollar declined to 113.75 yen from Tuesday’s 113.99 yen. The euro edged up to $1.1598 from $1.1588.

Benchmark US crude declined 14 cents to $57.06 per barrel in electronic trading on the New York Mercantile Exchange. The contract lost 15 cents on Tuesday to close at $57.20.

Brent crude, used to price international oils, shed 4 cents to $63.65 in London. It lost 58 cents the previous session to close at $64.27.

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