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The Financial Express

Asian shares mixed in quiet holiday trading

Published: December 27, 2017 12:45:03 | Updated: December 29, 2017 14:04:47


File Photo (Collected) File Photo (Collected)

Asian shares were mixed on Wednesday in quiet holiday trading after oil prices erased some of its recent gains and the region generally shrugged off the dip in technology stocks on Wall Street.

Japan’s benchmark Nikkei 225 inched up less than 0.1 per cent to 22,902.75 in morning trading, while Australia’s S&P/ASX 200 added nearly 0.2 per cent to 6,079.90.

South Korea’s Kospi slipped 0.3 per cent to 2,421.05. Hong Kong’s Hang Seng added 0.2 per cent to 29,628.99, while the Shanghai Composite stood unchanged at 3,306.09, reports AP.

The S&P 500 index fell 2.84 points, or 0.1 per cent, to 2,680.50. The Dow Jones industrial average slid 7.85 points, or 0.03 per cent, to 24,746.21.

The Nasdaq lost 23.71 points, or 0.3 per cent, to 6,936.25. The Russell 2000 index of smaller-company stocks picked up 1.30 points, or 0.1 per cent, to 1,544.23.

Benchmark US crude dropped 22 cents to $59.75 a barrel. It gained $1.50 to $59.97 on the New York Mercantile Exchange overnight.

Brent crude, which is used to price international oils, slipped 33 cents to $66.13.

The dollar fell slightly to 113.27 yen from 113.30 yen late Tuesday in Asia. The euro strengthened to $1.1861 from $1.1859.

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