Asian shares follow Wall Street lower

Dhaka,  Thu,  24 August 2017
Published : 09 Aug 2017, 10:43:26

Asian stocks lower on geopolitical tensions

Asian shares follow Wall Street lower
Asian stock markets slipped Wednesday following Wall Street's decline as President Donald Trump and North Korea traded threats over the North's nuclear programme.

Tokyo's Nikkei 225 tumbled 1.3 per cent to 19,737.59 points and Seoul's Kospi fell 0.7 per cent to 2,378.56. The Shanghai Composite Index lost 0.2 per cent to 3,273.71.

Hong Kong's Hang Seng was off 0.2 per cent at 27,803.55. Benchmarks in Taiwan and New Zealand also declined. Sydney's S&P-ASX 200 gained 0.5 per cent to 5,773.70 while Manila, Malaysia and Jakarta also rose.

US stock market slide accelerated slightly in the last half-hour of trading as Trump denounced North Korea's nuclear program. The S&P 500 index fell 0.2 per cent, to 2,474.92. 

The Dow slid 0.2 per cent to 22,085.34. Both were coming off record highs. The Nasdaq composite lost 0.2 per cent, to 6,370.46.

The dollar declined to 109.79 yen from Tuesday's 110.34 yen. The euro edged down to $1.1726 from $1.1751.

Benchmark US crude lost 23 cents to $48.94 per barrel in electronic trading on the New York Mercantile Exchange. The contract shed 22 cents on Tuesday to close at $49.17. 

Brent crude, used to price international oils, gave up 29 cents to $51.85 in London. It declined 23 cents on Tuesday to $52.14, according to AP.
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