Asian shares mixed in cautious stance

Dhaka,  Mon,  01 May 2017
Published : 13 Apr 2017, 10:57:07
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Asian shares mixed after Trump dollar comments

Asian shares mixed in cautious stance
Asian stock markets were mixed Thursday after US President Donald Trump withdrew a threat to declare China a currency manipulator. 

Trump's comment that the US dollar was getting too strong helped push the yen higher, hurting Japanese exporters' shares.

Tokyo's Nikkei 225 fell 1.0 per cent to 18,362.43 and Hong Kong's Hang Seng lost 0.1 per cent to 24,296.85. The Shanghai Composite Index edged 0.1 per cent higher to 3,277.88. 

Sydney's S&P-ASX 200 retreated 0.8 per cent to 5,885.50 while Seoul's Kospi added 0.4 per cent to 2,137.05. Benchmarks in Taiwan and Jakarta gained, while Singapore and New Zealand slipped.

The Dow Jones industrial average fell 0.3 per cent to 20,591.86 and the Nasdaq composite index lost 0.5 per cent, to 5,836.16. The S&P 500 index slid 0.4 per cent, to 2,344.93.

Benchmark US crude sank 7 cents to $53.04 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 29 cents on Wednesday to $53.11. 

Brent crude, used to price international oils, shed 5 cents, to $55.81. It lost 37 cents the previous session to $55.86.

The dollar declined to 108.84 yen from Wednesday's 109.03 yen. The euro edged up to $1.0670 from $1.0665, according to AP.
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