Asian shares slip on political uncertainty

Dhaka,  Sun,  23 July 2017
Published : 19 May 2017, 10:58:25
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Asian shares mostly lower on political uncertainty

Asian shares slip on political uncertainty
Asian stocks were mostly lower Friday as investor worries remained about the US political turmoil over an investigation into possible Russian coordination with President Donald Trump's campaign.

Japan's benchmark Nikkei 225 dipped 0.2 per cent to 19,510.96 in morning trading. Australia's S&P/ASX 200 edged down nearly 0.5 per cent to 5,711.10. South Korea's Kospi was little changed at 2,287.30. 

Hong Kong's Hang Seng was virtually unchanged at 25,131.74. The Shanghai Composite slipped nearly 0.1 per cent to 3,087.38.

US shares rallied. The S&P 500 index rose 8.69 points, or 0.4 per cent, to 2,365.72. The Dow Jones industrial average added 56.09 points, or 0.3 per cent, to 20,663.02. 

The Nasdaq composite index gained 43.89 points, or 0.7 per cent, to 6,055.13.

Benchmark US crude oil futures added 32 cents to $49.67 a barrel. It rose 28 cents to $49.35 a barrel in New York Thursday. 

Brent crude, used to price international oils, climbed 40 cents to $52.91 a barrel in London.

The euro slipped to $1.1112 from $1.1153 late Thursday in Asia. The dollar strengthened slightly to 111.20 yen from 111.17 yen, according to AP.
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