|Published : 13 Oct 2016, 11:12:28|
Asian stocks lower; yen rebounds
Asian stocks were lower on Thursday as weak China export data disappointed investors and renewed concerns about the health of the world's second-largest economy.
Japan's Nikkei 225 dipped 0.4 per cent to 16,774.26 while South Korea's Kospi fell 0.7 per cent to 2,019.43. Hong Kong's Hang Seng index retreated 1.5 per cent to 23,064.15.
China's Shanghai Composite Index inched down 0.1 per cent to 3,055.01. Stocks in Australia, Taiwan and Southeast Asia were lower. Thai stocks fell 1.1 per cent amid reports that its long-time king is gravely ill.
US stocks finished slightly higher on Wednesday. The Dow Jones industrial average edged up 15.54 points, or 0.1 per cent, to 18,144.20. The S&P 500 index added 2.45 points, or 0.1 per cent, to 2,139.18. The Nasdaq composite slipped 7.77 points, or 0.1 per cent, to 5,239.02.
Benchmark US crude oil slid 45 cents to $49.73 per barrel in New York. The contract closed 61 cents lower at $50.18 on Wednesday.
Brent crude, the international standard, fell 39 cents to $51.42 a barrel in London.
The dollar fell to 103.67 yen from 104.29 yen. The euro rose to $1.1036 from $1.1014, according to a news agency report.