Asian shares move lower

Published: May 13, 2019 13:19:23 | Updated: May 16, 2019 10:45:09

File Photo (Collected)

Asian shares were mostly lower on Monday after trade talks between the US and China wrapped up Friday without an agreement.

Shares dropped more than 1.0 per cent in Shanghai, to 2,909.60. Japan’s Nikkei 225 index NIK, -0.72 per cent lost 0.5 per cent to 21,237.71 and the S&P ASX 200 SKJJF, -3.15 per cent declined 0.3 per cent to 6,289.70.

South Korea’s Kospi SEU, -1.38 per cent fell 0.7 per cent to 2,093.46. Hong Kong’s markets were closed for a holiday. Shares fell in Taiwan and most of Southeast Asia, reports AP.

The S&P 500 index SPX, +0.37 per cent rose 0.4 per cent to 2,881.40. The broad index is still up 14.9 per cent for the year. The Dow Jones Industrial Average DJIA, +0.44 per cent also gained 0.4 per cent, to 25,942.37.

The Nasdaq COMP, +0.08 per cent added 0.1 per cent to 7,916.94, while the Russell 2000 RUT, +0.19 per cent index of small company stocks picked up 0.2 per cent to 1,572.99.

Major indexes in Europe closed mostly higher.

Bond prices fell. The yield on the 10-year Treasury note TMUBMUSD10Y, -0.87 per cent rose to 2.47 per cent from 2.45 per cent late Thursday.

US benchmark crude oil was flat at $61.66 per barrel in electronic trading on the New York Mercantile Exchange. It lost 3 cents to $61.70 on Friday.

Brent crude, the international standard, gained 28 cents to $70.90 per barrel.

The dollar slipped to 109.74 Japanese yen USDJPY, -0.23 per cent from 109.96 yen on Friday. The euro EURUSD, +0.0000 per cent edged higher to $1.1234 from $1.1231.

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