Asian shares mostly lower after sluggish Wall Street session - InfoNews

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Asian shares mostly lower after sluggish Wall Street session

Men walk past an electronic stock board showing Japan's Nikkei 225 index and other countries' index at a securities firm in Tokyo Tuesday, Nov. 28, 2017. Asian shares were mostly lower Tuesday following a sluggish post-Thanksgiving trading sessionon Wall Street. (AP Photo/Eugene Hoshiko)
November 27, 2017 - 10:50 PM

TOKYO - Asian shares were mostly lower Tuesday following a sluggish post-Thanksgiving trading session on Wall Street.

KEEPING SCORE: Japan's benchmark Nikkei 225 was nearly unchanged at 22,486.24. Australia's S&P/ASX 200 lost nearly 0.1 per cent to 5,984.30. South Korea's Kospi added 0.3 per cent to 2,514.19. Hong Kong's Hang Seng slipped 0.6 per cent to 29,477.48, while the Shanghai Composite dipped 0.1 per cent to 3,319.65. Shares in Southeast Asia were mixed.

WALL STREET: The Standard & Poor's 500 index slipped 1 point to 2,601.42. The Dow Jones industrial average edged up 0.1 per cent to 23,580.78, while the Nasdaq composite fell 0.2 per cent to 6,878.52. The Russell 2000 index of smaller-company stocks lost 0.4 per cent to 1,513.31. More stocks fell than rose on the New York Stock Exchange.

NORTH KOREA WORRIES: Reports that Pyongyang may be readying another missile launch also weighed on investor sentiments in the region. The Kyodo news service and other Japanese media reported, citing unnamed government sources, that Japan was on alert after catching radio signals suggesting North Korea might be preparing for a ballistic missile launch. Japan's government spokesman said the country is on alert but would not comment on the reports.

FEDERAL RESERVE: Investors also will have their eye on departing U.S. Federal Reserve Chair Janet Yellen's remarks before Congress and a possible vote in the Senate on its version of a U.S. tax overhaul bill.

THE QUOTE: "A combination of a lift in risk-sentiment and the lack of prominent leads in the day ahead may provide little impetus for Asian markets to exhibit a strong recovery," Jingyi Pan, market strategist at IG in Singapore, said in a commentary.

ENERGY: Benchmark U.S. crude dropped 37 cents to $57.74 a barrel in electronic trading on the New York Mercantile Exchange. It fell 84 cents to settle at $58.11 per barrel on Monday. Brent crude, used to price international oils, declined 19 cents to $63.19.

CURRENCIES: The dollar rose to 111.17 yen from 111.11 yen. The euro strengthened to $1.1910 from $1.1897.

___

AP Business Writer Alex Veiga contributed to this report.

AP Business Writer Yuri Kageyama on Twitter https://twitter.com/yurikageyama

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

News from © The Associated Press, 2017
The Associated Press

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