Asian shares slip on continuing global trade worries

Published: October 15, 2018 13:15:24 | Updated: October 17, 2018 14:16:38

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Asian shares fell on Monday as investor worries continued about global trade tensions and prospects for economic growth.

Japan’s benchmark Nikkei 225 dipped 1.2 per cent to 22,426.32, while Australia’s S&P/ASX 200 slipped nearly 1.1 per cent in early trading to 5,832.00.

South Korea’s Kospi inched down 0.2 per cent to 2,156.56. Hong Kong’s Hang Seng fell nearly 1.0 per cent to 25,553.41, while the Shanghai Composite edged down 0.4 per cent to 2,597.15.

The S&P 500 index rose 38.76 points, or 1.4 per cent, to 2,767.13 to end a six-day losing streak last week. The Nasdaq composite jumped 167.83 points, or 2.3 per cent, to 7,496.89.

The Dow Jones Industrial Average finished with a gain of 287.16 points, or 1.1 per cent, at 25,339.99, reports AP.

US benchmark crude gained 79 cents to $72.13. It added 0.5 per cent to $71.34 a barrel in New York Friday. Brent crude, the international standard, added 98 cents to $81.41.

The dollar slipped to 112.14 yen from 112.33 yen late Friday. The euro fell to $1.1553 from $1.1602.

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