Asian share markets edge down on political uncertainty

Published: May 23, 2018 11:21:03 | Updated: May 25, 2018 11:23:47

File Photo (Collected)

Asian shares were mostly lower on Wednesday as investors shifted their attention to uncertainties over a planned US-North Korea summit after the perk from eased US-China trade tensions faded.

Japan's benchmark Nikkei 225 dipped 1.3 per cent to 22,661.88, while Australia's S&P/ASX 200 inched down nearly 0.2 per cent at 6,031.40 in early trading.

South Korea's Kospi added 0.1 per cent to 2,467.25. Hong Kong's Hang Seng lost 1.0 per cent to 30,912.13, while the Shanghai Composite index shed 0.9 per cent to 3,185.92, reports AP.

The S&P 500 index slid 0.3 per cent to 2,724.44. The Dow Jones industrial average lost 0.7 per cent to 24,834.41. The Nasdaq composite fell 0.2 per cent to 7,378.46.

The Russell 2000 index of smaller company stocks gave up 0.7 per cent to 1,625.24 after it closed at record highs the four previous trading sessions.

Benchmark US crude lost 27 cents to $71.93 per barrel. Brent crude, used to price international oils, rose dropped 52 cents to $79.05.

The dollar slipped to 110.50 yen from Tuesday's 110.96 yen. The euro rose to $1.1761 from $1.1826.

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