Asian stocks mostly lower 

Dhaka,  Tue,  22 August 2017
Published : 17 May 2017, 11:42:09
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Asian stocks slip on political uncertainties

Asian stocks mostly lower 
Asian stock markets were mostly lower on Wednesday as a rise in political uncertainties dented risk sentiment with investors keeping their eyes on developments in the White House.

Japan's Nikkei 225 fell 0.5 per cent to 19,822.19 and South Korea's Kospi dipped 0.3 per cent to 2,288.98. Hong Kong's Hang Seng index slipped 0.3 per cent to 25,256.98. 

Shanghai Composite Index edged down 0.04 per cent to 3,111.72. Australia's S&P/ASX 200 sank 1.0 per cent to 5,791.80. 

Taiwan's benchmark index was lower but markets in Singapore and other Southeast Asian markets were mixed.

Most US stock markets closed slightly lower in subdued trading on Tuesday. The S&P 500 index dipped 0.1 per cent to 2,400.67. The Dow Jones industrial average slid 0.01 per cent to 20,979.75. 

But the Nasdaq gained 0.3 per cent to 6,169.87, another record high.

Benchmark US crude fell 48 cents to $48.18 per barrel on New York Mercantile Exchange. The contract slipped 19 cents to close at $48.66 a barrel on Tuesday. 

Brent crude, used to price international oils, dropped 43 cents to $51.22 per barrel in London. It lost 17 cents to settle at $51.65 a barrel in London.

In currency trading, the dollar declined to 112.45 yen from 113.11 yen. The euro gained to $1.1112 from $1.1085, according to AP.
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