Asia shares mostly lower

Dhaka,  Thu,  17 August 2017
Published : 03 Aug 2017, 11:06:59
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Asia shares mostly lower on Apple's earnings effect

Asian markets mostly fell Thursday as the rally from news of Apple's strong earnings that spurred record highs for the Dow Jones industrial average faded. 

Myriad worries over China's rising debt, weaker commodity prices and possible rising tensions between Beijing and Washington overshadowed regional markets.

Japan's benchmark Nikkei 225 edged down 0.4 per cent to 20,004.00 in morning trading. Australia's S&P/ASX 200 slipped 0.2 per cent to 5,730.20. South Korea's Kospi sank 1.6 per cent to 2,389.04. 

Hong Kong's Hang Seng was down 0.1 per cent at 27,570.83, while the Shanghai Composite was little changed, falling less than 0.1 per cent to 3,283.32.

The Dow average rose 0.2 per cent to a record 22,016.24. The S&P 500 index, a much broader market measure used by most professional investors, added less than 0.1 per cent to 2,477.57. 

The Nasdaq composite was flat at 6,362.65. The Russell 2000 index of smaller-company stocks shed 1.1 per cent to 1,412.90.

Benchmark US crude fell 9 cents to $49.50 a barrel in electronic trading on the New York Mercantile Exchange. It added 43 cents to $49.59 overnight. 

Brent crude, the international standard, fell 15 cents to $52.21 a barrel in London.

The dollar fell to 110.66 yen from 110.69 yen late Wednesday in Asia. The euro fell to $1.1845 from $1.1856, according to AP.
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