Saturday, April 19, 2014   

Mixed performance in Asian markets
(02-05 16:57)

Asian markets were mixed on Wednesday, with a rally on Wall Street giving Tokyo the impetus to claw back some of its losses in the previous session.
However the dollar slipped against the yen as investors remain on edge about the global economy, following a series of disappointing economic data and the Federal Reserve's decision to reduce its stimulus program.
Tokyo's Nikkei, which slumped more than four percent on Tuesday, rose 1.23 percent or 171.91 points to 14,180.38. The index was boosted by a surge in Panasonic after the computer giant said it had swung back into profit.
Seoul rose 0.24 percent, or 4.47 points, to 1,891.32 but Sydney lost 0.53 percent, or 26.8 points, to close at 5,070.3. Hong Kong fell 0.60 percent, or 128.39 points, to 21,269.38 as it reversed initial gains.
Shanghai was closed for a public holiday.
Markets around the world have been sent into a tailspin in recent days following worse than expected manufacturing activity data from China and the United States, suggesting softness in the global economy.
But Wall Street's three main indices, which each saw losses of more than two percent at the start of the week, rebounded slightly Tuesday on bargain buying and solid corporate results, including from fast food giant Yum Foods and fashion retailer Michael Kors.
The Dow rose 0.47 percent, the S&P 500 added 0.76 percent and the Nasdaq climbed 0.86 percent.
Eyes are now on the release Friday of US non-farm payrolls data, which will give investors a better handle on the state of the world's number two economy.
Last month's results, showing the number of jobs created in December was less than half that expected, jolted markets as it suggested the economy was not as strong as expected just as the Fed began tapering its bond-buying stimulus. --AFP
   
Other Business breaking news:
Amazon hit by strikes in Germany (04-17 17:07)
Hang Seng, Shanghai rise (04-17 16:58)
Flat open for European markets (04-17 15:48)
Nikkei gives up early gains (04-17 15:43)
China eases with reserve cut for rural banks: report (04-17 15:42)
Hang Seng inches up at mid-day (04-17 12:13)
Sony's PlayStation 4 sales top 7 million (04-17 12:06)
Weibo IPO priced at lower end: report (04-17 11:34)
Nikkei down by break (04-17 11:16)
Exports boost Italy's trade surplus (04-16 18:42)

More breaking news >>

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