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5 years ago

Asian shares edge down after US stumble

File photo (AP)
File photo (AP)

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Asian shares edged down on Thursday, following a slip on Wall Street, as investors watched the continuing trade talks between the US and China.

Japan's benchmark Nikkei 225 lost 1.5 per cent in early trading to 21,049.94, while Australia's S&P/ASX 200 recouped earlier losses to be up 0.3 per cent at 6,154.50.

South Korea's Kospi fell nearly 0.7 per cent to 2,131.67.  Hong Kong's Hang Seng was little changed but slightly lower at 28,709.14.

The Shanghai Composite was also down less than 0.1 per cent at 3,021.62, reports AP.

Technology and health care companies drove a broad slide in US stocks Wednesday, erasing some of the market's solid gains from a day earlier.

The sell-off put the Dow Jones Industrial Average on track to end the month with a loss and marked the second drop for the benchmark S&P 500 index this week.

The yield on the benchmark 10-year Treasury note continued to decline, raising some fears about a possible recession within the coming year.

The S&P 500 dropped 13.09 points, or 0.5 per cent, to 2,805.37. The Dow slid 32.14 points, or 0.1 per cent, to 25,625.59. The Nasdaq composite lost 48.15 points, or 0.6 per cent, to 7,643.38.

The Russell 2000 index of smaller company stocks gave up 5.93 points, or 0.4 per cent, to 1,522.23.

Benchmark US crude fell 22 cents to $59.19 a barrel. It fell 0.9 per cent to settle at $59.41 a barrel Wednesday. Brent crude, used to price international oils, edged down 20 cents to $67.04 a barrel.

The dollar inched down to 110.21 yen from 110.29 yen. The euro fell to $1.1255 from $1.1275.

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