Asian share markets nearly flat


FE Team | Published: January 24, 2018 12:31:14 | Updated: January 26, 2018 14:03:02


File Photo (Collected)

Asian share markets performed mixed trend on Wednesday, as Japan’s benchmark took a rest from a spate of recent jumps. Worries over a resurgence of trade tensions overshadowed regional markets.

Japan’s benchmark Nikkei 225 fell 0.6 per cent to 23,988.21, while Hong Kong’s Hang Seng index slipped 0.3 per cent to 32,837.80. The Shanghai Composite index edged 0.1 per cent higher to 3,531.75.

South Korea’s Kospi clawed back early losses to add 0.1 per cent at 2,539.41. Australia’s S&P/ASX 200 rose 0.3 per cent to 6,057.10. Shares fell in Taiwan and were mixed in Southeast Asia.

The S&P 500 index added 0.2 per cent to 2,839.13 while the Dow Jones industrial average was flat at 26,210.81. The tech-heavy Nasdaq composite jumped 0.7 per cent to 7,460.29.

The Russell 2000 index of smaller-company stocks rose 0.3 per cent, to 1,610.71.

Benchmark US crude was flat at $64.47 a barrel in electronic trading on the New York Mercantile Exchange. It rose 90 cents, or 1.4 percent, on Tuesday.

Brent crude, used to price international oils, fell 15 cents to $69.81.

The dollar slid to 109.93 yen from 110.32 yen late Tuesday in Asia. The euro edged up to $1.2316 from $1.2299.

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