Asian shares edge down on weak Japan data

Published: October 03, 2018 12:15:21 | Updated: October 05, 2018 11:48:43


File Photo (Collected)

Asian markets were mostly lower on Wednesday on jitters over the simmering US trade dispute with China and the weak Japan data released today.

Japan's services industry grew at the slowest pace in two years in September, a private survey showed.

Japan's benchmark Nikkei 225 fell 0.8 per cent to 24,088.63. Hong Kong's Hang Seng fell 0.4 per cent to 27,017.75 after closing at a two-week low on Tuesday.

Australia's S&P/ASX 200 gained 0.3 per cent to 6,143.70. Stocks fell in Taiwan but rose in Singapore and Indonesia. Markets in South Korea and the Chinese mainland were closed for a national holiday.

Most indexes closed lower on Wall Street. The Dow Jones Industrial Average closed to a record high. The Dow added 0.5 per cent to 26,773.94. The S&P 500 index dropped less than 0.1 per cent to 2,923.43.

The Nasdaq composite gave up 0.5 per cent to 7,999.55. The Russell 2000 index of smaller-company stocks tumbled 1.4 per cent to 1,672.99, its worst loss since late June.

Benchmark US crude was flat at $75.23 a barrel. Brent crude, used to price international oils, added 5 cents to $84.85 per barrel in London. It slipped 0.2 per cent to $84.80 per barrel in London.

The dollar was flat at 113.69. The euro strengthened to $1.1580 from $1.1545.

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