|Published : 20 Mar 2017, 10:35:33|
Asian stocks markets mixed after small Wall Street gain
Asian markets were mixed Monday after global finance ministers dropped a pledge to oppose trade protectionism from a weekend statement in the face of resistance from the Trump administration.
Hong Kong's Hang Seng index advanced 0.5 per cent to 24,429.89 points and the Shanghai Composite Index rose 0.2 per cent to 3,242.97. Japanese markets were closed for a holiday.
Seoul's Kospi shed 0.5 per cent to 2,153.21 and Sydney's S&P-ASX 200 retreated 0.4 per cent to 5,776.60. Benchmarks in Taiwan and Jakarta advanced while New Zealand and Singapore declined.
US stocks limped to the finish line in another winning week after the Federal Reserve gave a more measured forecast than expected for interest rate increases.
The S&P 500 index slipped Friday but ended the week up 0.2 per cent at 2,378.25. The Dow Jones industrial average fell 0.1 per cent to 20,914.62.
The dollar weakened to 112.53 yen from Friday's 112.59 yen. The euro strengthened to $1.0760 from $1.0747.
Benchmark US crude declined 35 cents to $48.43 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 3 cents on Friday to close at $48.78.
Brent crude, used to price international oils, lost 24 cents to $51.52 in London. It added 2 cents the previous session to $51.76, according to AP.