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Asian shares fall on China stimulus worries, patchy earnings


Added 04-26-19 05:04:02am EST - “Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and some other industrial companies.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Asian shares fall on China stimulus worries, patchy earnings”. Below is an excerpt from the article.

A woman walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Friday, April 26, 2019. Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and other industrial companies. (AP Photo/Vincent Yu)

Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and some other industrial companies.

Concern that China may temper its economic stimulus pulled the Shanghai benchmark down 1.2% to 3,086.40. Japan's Nikkei 225 index slipped 0.2% to 22,258.73 and the Kospi in South Korea declined 0.5% to 2,179.31. Australia's S&P ASX 200 edged 0.1% higher to 6,385.60, while the Hang Seng in Hong Kong added 0.2% to 29,605.01.

India's Sensex gained 0.3% to 38,835.79. Shares fell in Taiwan, Singapore, Malaysia and Thailand but rose in Jakarta.

Traders are watching for U.S. growth data later in the day and China-U.S. trade talks next week in Beijing.

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