Asian stocks fall in mute trading

| Updated: November 21, 2017 12:44:22

Asian shares slip in mute trading

Asian shares slipped in muted trading Monday ahead of the Thanksgiving holidays in the US, as gloom carried over from Friday’s retreat on Wall Street.

Japan reported its exports rose 14 per cent in October from a year earlier on strong demand from China and the US.

The benchmark Nikkei 225 index lost 0.6 per cent to 22,271.35. Australia’s S&P/ASX 200 fell 0.2 per cent to 5,946.60. South Korea’s Kospi dipped nearly 0.2 per cent to 2,529.40.

Hong Kong’s Hang Seng was down 0.1 per cent at 29,186.16, while the Shanghai Composite index dropped 1.2 per cent to 3,341.96, reports AP.

The S&P 500 index fell 0.3 per cent to finish the week at 2,578.85, while the Dow Jones industrial average gave up 0.4 per cent to 23,358.24. The Nasdaq composite dipped 0.2 per cent to 6,782.79.

Benchmark US crude added 6 cents to $56.77 a barrel in electronic trading on the New York Mercantile Exchange. It gained $1.36 a barrel on Friday, to $55.71 a barrel.

Brent crude, used to price international oils, lost 19 cents to $62.53 a barrel in London.

The dollar fell to 112.04 yen from 112.09 yen late Friday in Asia. The euro slipped to $1.1736 from $1.1791.

Share if you like