Asian stocks were mixed Friday as investors assessed a report on Chinese quarterly economic growth and awaited the outcome of a G20 finance meeting
FILE - This July 16, 2013,
file photo, shows a Wall Street street sign outside the New York Stock
Exchange. U.S. stocks are edging lower early Thursday, April 14, 2016.
Tech stocks are falling after dour projections from Seagate Technology,
and bank stocks are slipping. Strong first-quarter results from Delta
are giving airlines a boost. (AP Photo/Mark Lennihan, File)
HONG
KONG (AP) -- Asian stocks were mixed Friday as investors assessed a
report on Chinese quarterly economic growth. Market players were also
watching for cues on currencies and other policies from a meeting in
Washington, D.C., of financial ministers and central bank governors of
the Group of 20 leading industrial nations.
KEEPING
SCORE: The benchmark Nikkei 225 index in Japan shed 0.4 percent to
16,848.03, while South Korea's Kospi dipped 0.1 percent to 2,014.71.
Hong Kong's Hang Seng slipped 0.1 percent to 21,318.74 and the Shanghai
Composite Index in mainland China eased 0.4 percent to 3,079.07.
Australia's S&P/ASX 200 climbed 0.7 percent to 5,224.10. Taiwan rose
and Southeast Asian benchmarks were mixed.
CHINA
GROWTH: Official data showed that China's economy slowed further in the
latest quarter, with growth easing to 6.7, which was the lowest in
seven years. There were few surprises for investors in the figures,
which were largely in line with economists' forecasts and suggest that
the world's largest economy is on track to meet the official full-year
growth target.MARKET INSIGHT: "In the absence of any significant surprises from China, today seems likely to be a day of consolidation for the ASX 200. Other markets are pausing with some signs of profit taking," said Ric Spooner, chief analyst at CMC Markets in Sydney.
WALL
STREET: Major U.S. benchmarks finished with little change. The Dow
Jones industrial average added 0.1 percent to 17,926.43. The Standard
& Poor's 500 index ticked up 0.36 points to 2,082.78. The Nasdaq
composite lost 1.53 points to 4,945.89.
ENERGY:
Benchmark U.S. crude rose 14 cents to $41.64 a barrel in electronic
trading on the New York Mercantile Exchange. The contract fell 26 cents
to settle at $41.50 a barrel on Thursday. Brent crude, the international
standard, added 13 cents to $43.99 a barrel in London.
CURRENCIES: The dollar rose to 109.48 yen from 109.37 yen in the previous day's trading and the euro was flat at $1.1266.
Culled from AP in yahoo
No comments:
Post a Comment