Asian Stocks Mixed As Fed Back In Focus

RTTNews | vor 868 Tagen

(RTTNews) - Asian markets mostly moved lower as renewed worries about the Fed's actions drained the euphoria that followed upbeat economic data from China. Sentiment remained muted ahead of release of the Fed's Beige book which would provide glimpses into the economic landscape in the U.S.

China's Shanghai Composite Index dropped 0.68 percent to 3,370.13. The day's trading ranged between 3,364.64 and 3,394.96. The Shenzhen Component Index too declined 100 points or 0.84 percent to close at 11,760.27.

The Japanese benchmark Nikkei 225 shed 52 points or 0.18 percent to end trading at 28,606.76. The day's trading range was between 28,531.54 and 28,677.22.

Nippon Sheet Glass Co topped with gains of 3.2 percent. Credit Saison Co, Tokio Marine Holdings, Keisei Electric Railway Co and Sumitomo Metal Mining Co, all gained more than 2 percent.

Olympus Corp was the biggest laggard with an overnight decline of 2.6 percent. Taiyo Yuden Co also declined 2.3 percent. TOTO, Alps Electric Co and TDK Corp, all declined more than 1 percent.

The Hang Seng Index of the Hong Kong Stock Exchange dropped 283 points or 1.37 percent from the previous close to finish trading at 20,367.76. The day's trading range was between a high of 20,633.00 and a low of 20,336.71.

Korean Stock Exchange's Kospi Index gained 4 points or 0.16 percent to close trading at 2,575.08. The day's trading range was between 2,568.46 and 2,582.11.

Australia's S&P/ASX200 closed trading at 7,365.50 after adding 5 points or 0.07 percent.

Telix Pharmaceuticals added 5.4 percent. IGO, Gold Road Resources, AMP and De Grey Mining, all added more than 3 percent.

Lake Resources plunged 8.1 percent. The Star Entertainment Group lost 7.3 percent. Domain Holdings Australia declined 4.4 percent. Kelsian Group and Karoon Energy, both declined more than 3 percent.

The NZX 50 of the New Zealand Stock Exchange gained 34 points or 0.28 percent to close at 11,917.82. Trading ranged between 11,845.01 and 11,917.82.

Mainfreight, Fisher & Paykel Healthcare, Fonterra Shareholders Fund, Argosy Property, Ryman Healthcare all gained more than 1 percent.

Software business EROAD dropped 3.5 percent. Vista Group International, Arvida Group and Genesis Energy, all lost more than 2 percent.

Wall Street had closed on a negative note on Tuesday amidst mixed earnings updates and a firm focus on the Fed. The Nasdaq Composite shed 0.04 percent to close at 12,153.41 whereas the Dow Jones Industrial Average lost 0.03 percent to finish trading at 33,976.63.

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European stocks closed broadly higher on Wednesday as slightly encouraging data on private sector activity in the region aided sentiment. Bargain hunting at several counters after Tuesday's decline helped as well in pushing up prices.

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Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.

RTTNews | vor 2Std 25 Minuten

U.S. Factory Orders Slump Roughly In Line With Estimates In July

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RTTNews | vor 3Std 32 Minuten

Eurozone Private Sector Growth At 1-Year High

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Bay Street Likely To Open On Mixed Note

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RTTNews | vor 5Std 7 Minuten

FTSE Up Nearly 0.6%; Miners Among Top Gainers

The U.K. market remains well placed in positive territory in early afternoon trades on Wednesday, coming back strongly after posting a notable loss in the previous session. Mining stocks are among the prominent gainers.

RTTNews | vor 5Std 55 Minuten

CAC 40 Up Nearly 1%; Schneider Electric Rises Over 3.5%

French stocks are up firmly in positive territory on Wednesday, recovering strongly after suffering a setback in the previous session amid concerns over debt sustainability in major economies across Europe and Asia, and political uncertainty in France.

RTTNews | vor 6Std 33 Minuten

EURUSD	1.16595	GBPUSD	1.34397	AUDUSD	0.65441
USDJPY	148.05	USDCAD	1.37973	USDCHF	0.80407