Asian shares were mostly lower Thursday as optimism about progress in trade talks between the U.S. and China started wearing off.
Japan's benchmark Nikkei 225
slipped 0.8% in early trading. Australia's S & P / ASX 200
XJO, + 0.29%
edged up nearly 0.3% while South Korea's Kospi
which is slightly lower. Hong Kong's Hang Seng
dipped 0.5% while the Shanghai Composite
SHCOMP, + 0.14%
What about flat.
Among individual stocks, Renesas Electronics
plunged into Tokyo after a report that the chip maker wants to stop production for two months, citing a slowdown in demand from China. Robotics maker Fanuc
fell as well, along with Nintendo
. In Hong Kong, ever-volatile Sunny Optical
shares dropped, while real-estate stocks gained. Samsung
005930, + 1.02%
advanced in Korea, while Rio Tinto
slid in Australia.
On Wall Street, Health Care Companies stocks broadly lower Wednesday, giving the market its third straight loss. Technology and energy stocks thus increase the brunt of the selling, offsetting gains in materials and utilities companies. Several retailers so rose. Smaller companies fell more than the rest of the market.
The S & P 500
dropped 18.20 points, or 0.7%, to 2,771.45. The benchmark index is now on track for its first weekly decline since January. The Dow Jones Industrial Average
fell 133.17 points, or 0.5%, to 25,673.46. The Nasdaq composite
Lost 70.44 points, or 0.9%, to 7,505.92.
Disappointing economic reports, uncertainty over trade and fears of a slowdown in economic growth have
"The dismal showing overnight by Wall Street. Jeffrey Halley, senior market analyst at OANDA.
At times, the market has also drawn optimism over the prospects that the US and China wants to resolve their trade dispute. U.S. Trump's private club in Mar-a-Lago, Florida.
Last year, Trumps imposed a series of tariffs on Chinese goods in pressuring Beijing. In June, the White House levied import taxes of 25% on $ 50 billion of Chinese imports. It followed in September with an additional $ 200 billion.
US investors were staying at a European Central Bank board meeting later in the day. crude
CLJ9, + 0.09%
gained 15 cents to $ 56.37 a barrel. It slid 0.6 percent to settle at $ 56.22 a barrel in New York Wednesday. Brent crude
LCOK9, + 0.33%
which is higher, adding 29 cents to $ 66.28 a barrel in London.
fell to 111.66 yen from 111.86 yen Wednesday.
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