Asian shares lower despite easing fears over Turkey

Published: August 15, 2018 10:55:53 | Updated: August 17, 2018 10:02:14


File Photo (Collected)

Asian shares were mostly lower in early Wednesday despite a rally overnight on Wall Street as investors' jitters over the Turkish currency crisis eased.

Japan's Nikkei 225 index fell 0.4 per cent to 22,270.90 and in Hong Kong, the Hang Seng dropped 1.6 per cent to 27,319.21. The Shanghai Composite index sank 0.9 per cent to 2,756.17.

The S&P ASX 200 added 0.1 per cent to 6,308.70. Shares fell in Taiwan and Singapore and gained in Indonesia, reports AP.

In the US, the S&P 500 index climbed 0.6 per cent to 2,839.96. The Dow Jones Industrial Average gained 0.4 per cent to 25,299.92. The Nasdaq composite added 0.7 per cent to 7,870.89.

Benchmark US crude fell 28 cents to $66.76 in electronic trading on the New York Mercantile Exchange. It lost 16 cents to $67.04 per barrel on Tuesday.

Brent crude, used to price international oils gave up 20 cents to $72.26 per barrel.

The dollar rose to 111.33 yen from 111.14 yen. The euro slipped to $1.1327 from $1.1348.

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