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Asian shares fall, tracking Wall Street losses

Published: July 22, 2019 14:24:11 | Updated: July 24, 2019 11:12:35


File Photo (AP)

Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut.

Japan’s Nikkei 225 slipped 0.3 per cent to 21,397.99. Australia’s S&P/ASX 200 fell 0.2 per cent to 6,687.10. South Korea’s Kospi edged less than 0.1 per cent higher to 2,095.28.

Hong Kong’s Hang Seng dipped 0.9 per cent to 28,522.09, while the Shanghai Composite index shed 0.7 per cent to 2,903.02. Taiwan’s index rose while Southeast Asian benchmarks fell.

US stocks retreated further from their records on Friday. The S&P 500 fell 0.6 per cent to 2,976.61. The Dow Jones Industrial Average fell 0.3 per cent to 27,154.20.

The Nasdaq composite lost 0.7 per cent to 8,146.49, reports AP.

Benchmark US crude oil added 66 cents to $56.42 a barrel in electronic trading on the New York Mercantile Exchange. It gained 34 cents to $55.76 on Friday.

Brent crude, the international standard, rose $1.03 to $63.50 per barrel.

The dollar rose to 107.99 Japanese yen from 107.74 yen Friday. The euro weakened to $1.1216 from $1.1221.

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