Asian stocks mixed after Wall Street retreats

Wednesday, 17 July 2019

Asian shares were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports.

Japan’s benchmark Nikkei 225 dipped 0.4 per cent to 21,445.03 in morning trading. Australia’s S&P/ASX 200 added 0.4 per cent to 6,667.60. South Korea’s Kospi dipped 1.1 per cent to 2,069.41.

Hong Kong’s Hang Seng slipped 0.3 per cent to 28,546.68, while the Shanghai Composite inched up 0.1 per cent to 2,941.04, reports AP.

The S&P 500 fell 10.26 points, or 0.3 per cent, to 3,004.04. The Dow Jones Industrial Average fell 23.53 points, or 0.1 per cent to 27,335.63.

The Nasdaq composite fell 35.39 points, or 0.4 per cent, to 8,222.80. The Russell 2000 index rose 0.17 point to 1,562.

Benchmark US crude added 2 cents to $57.64 a barrel. It fell $1.96 to settle at $57.62 per barrel Tuesday. Brent crude, the international standard, rose 21 cents to $64.56 a barrel.

The dollar rose to 108.16 Japanese yen from 107.98 late Tuesday. The euro fell to $1.1213 from $1.1263.