Where Free Speech Goes To Live

THE NEWS COMMENTER

Screenshot Reuters.com
VOTE  (0)  (0)

Asia stocks pull back as investors eye new risks; oil higher


Added 05-15-18 12:03:01am EST - “Asian stocks pulled back on Tuesday, brushing off a firmer Wall Street lead and pausing a recent rally, as investors remained cautious about key economic and political risks, while supply concerns kept crude oil prices near 3-1/2-year…” - Reuters.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Reuters.com: “Asia stocks pull back as investors eye new risks; oil higher”. Below is an excerpt from the article.

TOKYO (Reuters) - Asian stocks pulled back on Tuesday, brushing off a firmer Wall Street lead and pausing a recent rally, as investors remained cautious about key economic and political risks, while supply concerns kept crude oil prices near 3-1/2-year highs.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.65 percent after rising the previous day to its highest since late March. The index had rallied for three straight sessions prior to Tuesday.

“The markets appear to be taking a breather after their recent surge, awaiting fresh developments in matters such as U.S.-China trade issues and Washington’s upcoming summit with North Korea,” said Yoshinori Shigemi, global markets strategist at JP Morgan Asset Management in Tokyo.

Australian stocks were down 0.35 percent after briefly touching a four-month high and South Korea's KOSPI .KS11 shed 0.55 percent. Japan's Nikkei .N225 was a shade lower, its surge to a three-month peak bogging down.

Hong Kong's Hang Seng .HSI lost 0.5 percent, pulling back from a two-month peak to snap a five-day winning run and Shanghai .SSEC inched up 0.05 percent.

Read more...

Post a comment.

CLICK TO SHARE

BACK TO THE HOME-PAGE