Asian stocks rise, bucking Wall Street losses - Hallo friendsGOOD OF CONEX NEWS, In the article you read this time with the title Asian stocks rise, bucking Wall Street losses, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article health, Article news, Article sport, Article tips, Article treatment, We write this you can understand. Alright, good read.

Title : Asian stocks rise, bucking Wall Street losses
link : Asian stocks rise, bucking Wall Street losses

Asian stocks rise, bucking Wall Street losses

Elaine Kurtenbach, The Associated Press</span>
Published Wednesday, February 21, 2018 2:08AM EST

TOKYO - Shares were higher in Asia on Wednesday, supported by rosy manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day winning streak was snapped by a plunge in Walmart stock and losses in other sectors.

KEEPING SCORE: Japan's Nikkei 225 index climbed 0.2 per cent to 21,970.81 and Hong Kong's Hang Seng advanced 1.5 per cent to 31,327.37. Australia's S&P ASX 200 edged 0.1 per cent higher to 5,943.70 and the Kospi in South Korea added 0.6 per cent to 2,429.65. Shares in Southeast Asia were mixed. Markets in mainland China were closed for a final day of lunar new year holidays.

WALL STREET: Walmart's stock sank 10 per cent on Tuesday, its biggest drop in 30 years, as a late sell-off erased early gains led by technology companies. Grocery store operators, retailers, health care companies and industrial stocks accounted for much of the market's slide. The Standard & Poor's 500 index fell 0.6 per cent to 2,716.26 and the Dow Jones industrial average slid 1 per cent to 24,964.75. The Nasdaq edged 0.1 per cent lower to 7,234.31. The Russell 2000 index of smaller-company stocks gave up 0.9 per cent, to 1,529.99.

BONDS LOOM: The rising yield on the 10-year Treasury, which is used as a benchmark for mortgages and other loans, is making bonds more appealing than stocks. It has been rising in recent months from a low of 2.04 per cent in September. By mid-afternoon Wednesday in Asia it was at 2.89 per cent. "Some of the broader concerns on investors' minds right now are looking across to the bond market and seeing the 10-year Treasury starting to approach that 3 per cent level," said Bill Northey, vice-president at U.S. Bank Wealth Management.

JAPAN MANUFACTURING: Preliminary results from a survey of manufacturers in February showed indicators at their strongest level since early 2014. The Nikkei Japan Manufacturing PMI (purchasing managers index) was at 54 on a 0-100 scale where reading exceeding 50 indicate expansion. Job creation hit an 11-year high. "Export growth slowed from January's peak but remained solid," Bernard Aw, principle economist for IHS Markit said in the report.

ENERGY: Benchmark U.S. crude fell 59 cents to $61.20 per barrel in electronic trading on the New York Mercantile Exchange. It rose 24 cents to settle at $61.79 per barrel in New York. Brent crude, used to price international oils, shed 48 cents to $64.77 per barrel. It gained 42 cents to close at $65.25 a barrel in London.

CURRENCIES: The dollar rose to 107.76 yen from 107.33 yen on Tuesday. The euro slipped to $1.2329 from $1.2337.

-----

AP Business Writer Alex Veiga contributed to this report.

Let's block ads! (Why?)

Thus Article Asian stocks rise, bucking Wall Street losses

That's an article Asian stocks rise, bucking Wall Street losses This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Asian stocks rise, bucking Wall Street losses with the link address https://coneknews.blogspot.com/2018/02/asian-stocks-rise-bucking-wall-street.html

Tweet

Subscribe to receive free email updates: