Asian markets fall, dealers seek fresh impetus

Asian markets were mostly lower Tuesday following losses in New York as dealers took profits from recent advances while also seeking fresh catalysts.

Tokyo was also weighed by a rise in the yen, which has suffered heavy selling in recent weeks, while the South Korean bourse slipped on disappointment over the latest earnings guidance from Samsung Electronics.

Tokyo slipped 0.86 percent, or 90.95 points, lower to 10,508.06, Sydney lost 0.57 percent, or 27.1 points, to close at 4,690.2 and Seoul was 0.66 percent lower, shedding 13.31 points to 1,997.94.

Hong Kong lost 0.94 percent, shedding 218.56 points to 23,111.19 while Shanghai fell 0.41 percent, or 9.29 points, to 2,276.07.

With the US fiscal crisis out of the way until talks next month on raising the country's borrowing limit and cutting spending, eyes are now on the upcoming earnings season and economic indicators.

"We could be in a no man's land between the fiscal cliff and [the debate around] the debt ceiling," said Sean Callow, senior currency strategist at Westpac Institutional Bank in Sydney.

China is due to unveil several batches of data over the coming week, including on trade, inflation and gross domestic product, with most economists upbeat following a series of results suggesting the economy is picking up strength.

However, Wall Street provided a negative lead owing to caution ahead of the start of the corporate reporting season later Tuesday.

The Dow shed 0.38 percent, the S&P 500 fell 0.31 percent and the Nasdaq edged down 0.09 percent.

In Tokyo the Nikkei fell as the yen picked up slightly against the dollar and euro, although analysts said its relative weakness should continue to provide support.

"The market remains overheated after running up so much over the past several weeks, making it vulnerable to more selling," SMBC Nikko Securities general manager of equities Hiroichi Nishi told Dow Jones Newswires.

"Currency levels remain somewhat supportive... so this should hold any sharp sell-offs in check," Nishi said.

The dollar stood at 87.41 yen in Tokyo trade, from 87.89 late on Monday in New York, where it last week surged to a peak of 88.41 yen, its highest since July 2010.

The euro bought $1.3113 and 114.61 yen, from $1.3115 and 115.09 yen in New York.

Seoul's Kospi was dragged lower by heavyweight Samsung Electronics, which fell 1.3 percent as it disappointed traders despite forecasting a record operating profit of $8.8 billion for the three months to the end of December.

"Investors appear concerned that Samsung may not show a better performance in the first quarter, with some of them taking profit," said Hyundai Securities analyst Bae Sung-Young.

Oil prices were lower, with New York's main contract, light sweet crude for delivery in February, down nine cents to $93.10 a barrel in the afternoon while Brent North Sea crude for February delivery lost 15 cents to $111.25.

Gold was at $1,653.49 at 1045 GMT compared with $1,654.50 late Monday.

In other markets:

-- Taipei fell 0.43 percent, or 33.43 points, to 7,721.66.

Taiwan Semiconductor Manufacturing Co. was 0.80 percent lower at Tw$99.7 while leading smartphone maker HTC lost 3.99 percent to Tw$276.5.

-- Manila was flat, nudging up 3.99 points to a new record 6,048.90.

SM Investments added 1.73 percent to 939 pesos, BDO Unibank gained 0.13 percent to 75.15 pesos and Philippine Long Distance Telephone dropped 0.60 percent to 2,646 pesos.

-- Wellington rose 0.14 percent, or 5.53 points, to 4,090.37.

Telecom added 2.3 percent to NZ$2.23, Fisher & Paykel Healthcare was up 1.7 percent at NZ$2.47 and Metlifecare surged 4.4 percent to end at NZ$3.35.

-- Singapore slipped 0.40 percent, or 12.74 points, to 3,205.52.

Global integrated supply chain manager Olam International dropped 2.13 percent to Sg$1.61 while Oversea-Chinese Banking Corporation gained 0.10 percent to Sg$9.69.

-- Jakarta ended up 0.12 percent, or 5.17 points, at 4,397.55.

State-controlled miner Aneka Tambang jumped 2.99 percent to 1,380 rupiah, while Bank Negara Indonesia rose 1.97 percent to 3,875 rupiah.

-- Kuala Lumpur lost 0.31 percent, or 5.25 points, to 1,688.91.

Kuala Lumpur Kepong shed 1.4 percent to 22.62 ringgit while Astro Malaysia gained 0.7 percent to 3.02.

-- Bangkok rose 0.14 percent, or 2.01 points, to 1,417.33.

Oil company PTT dropped 1.20 percent to 330 baht, while power giant Electricity Generating Public Co. added 0.33 percent to 150.50.

-- Mumbai rose 0.26 percent, or 51.10 points, to 19,742.52.

Conglomerate ITC group rose 2.18 percent to 285.3 rupees while private housing finance firm HDFC rose 1.95 percent to 839.65.


Get stories like this on the Yahoo app and discover more every day.
Download it now.
  • PKK claims bombing which killed 11 Turkish police
    PKK claims bombing which killed 11 Turkish police AFP News - 7 minutes ago

    Eleven Turkish police officers were killed and 78 people injured Friday in a suicide truck bombing by the militant Kurdistan Workers' Party (PKK), three days into a two-pronged Turkish offensive against jihadists and Kurdish militia in neighbouring … More »

  • French court suspends burkini ban after challenge
    French court suspends burkini ban after challenge AFP News - 11 minutes ago

    France's highest administrative court on Friday suspended a ban on the Islamic burkini swimsuit brought by local authorities in a French Riviera town after it was challenged by rights groups. … More »

  • US economy grew at tepid 1.1 percent pace in spring
    US economy grew at tepid 1.1 percent pace in spring Associated Press - 14 minutes ago

    The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most analysts forecast much ... … More »

  • Turkey and the Syria conflict: key developments
    Turkey and the Syria conflict: key developments AFP News - 15 minutes ago

    Here are key developments in Turkey's involvement in the Syria conflict, after Ankara launched a major offensive aimed both at jihadists and Syrian Kurdish forces. - Ankara drops Assad - In September 2011 Turkish Prime Minister Recep Tayyip … More »

  • London firms losing faith in quick-fix access to EU after Brexit Reuters - 31 minutes ago

    Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the aftermath of … More »

  • Merkel: Britain's exit shows EU's need to communicate better
    Merkel: Britain's exit shows EU's need to communicate better Associated Press - 55 minutes ago

    German Chancellor Angela Merkel said Friday that Britain's decision to leave the European Union has exposed the need for better communication within the bloc that is facing security and economic challenges. ... … More »

  • Iran, South Korea to begin trade in euros AFP - 1 hour 1 minute ago

    Iran and South Korea are to start trading in euros, legally circumventing US sanctions on dollar transactions with Tehran, a senior official announced Friday. After months of talks with Washington, at ... … More »

  • Oil prices drop as output hopes dampen AFP - 1 hour 20 minutes ago

    Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut. Iranian Oil Minister Bijan Zanganeh on Friday said his country ... … More »

  • Hapag-Lloyd CEO says planned UASC merger benefits to show in 2017 Reuters - 1 hour 23 minutes ago

    German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from its planned merger with Arab rival UASC next year, and realise them fully from 2019, its CEO said on Friday. The company, which … More »

  • Oil prices fall as Saudi Arabia dampens prospects of output freeze
    Oil prices fall as Saudi Arabia dampens prospects of output freeze Reuters - 1 hour 49 minutes ago

    Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world's largest producers might agree next month to limit their output. Brent crude oil futures were down 32 … More »

  • No impact from Brexit on Norway gas exports to Britain - minister Reuters - 1 hour 59 minutes ago

    Exports of Norwegian gas to Britain will not be affected by Britain's vote to leave the European Union, Norway's oil and energy minister told Reuters. The Nordic country is Britain's top foreign gas supplier, accounting for some 40 percent of all … More »

  • Takata shortlists Daicel, KKR, Ningbo, others in rescue search - sources
    Takata shortlists Daicel, KKR, Ningbo, others in rescue search - sources Reuters - 2 hours 2 minutes ago

    Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said. Japanese chemical maker Daicel … More »

  • Markets under pressure before Yellen
    Markets under pressure before Yellen AFP News - 2 hours 4 minutes ago

    European stock markets mainly fell on Friday, as investors waited on a speech from Federal Reserve chief Janet Yellen for clues over the outlook for US interest rates. Frankfurt and Paris held in negative territory, while Asian stocks wobbled ahead … More »

  • Hong Kong rules US short seller Left engaged in misconduct Associated Press - 2 hours 5 minutes ago

    U.S. short-seller Andrew Left engaged in market misconduct by publishing false or misleading information about a Chinese property developer, a Hong Kong tribunal ruled Friday. The city's Market Misconduct ... … More »

  • New Stada CEO promises fresh start under activist glare
    New Stada CEO promises fresh start under activist glare Reuters - 2 hours 9 minutes ago

    The new chief executive of German generic drugmaker Stada, under pressure from activist investors to reform its governance and replace board members, promised a more modern, dynamic approach to running the company. Matthias Wiedenfels, who stepped … More »

  • German economy set fair on growth path despite Brexit risk
    German economy set fair on growth path despite Brexit risk Reuters - 2 hours 12 minutes ago

    Germany's domestic economy is set fair for further growth, with robust household and government spending propelling a self-reinforcing cycle of activity, though Britain's Brexit vote has unnerved German companies trading abroad. … More »

  • Brewer AB Inbev to cut thousands of jobs in takeover deal
    Brewer AB Inbev to cut thousands of jobs in takeover deal Associated Press - 2 hours 20 minutes ago

    The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce — equivalent to thousands of jobs — once it completes its huge takeover of its closest rival, SABMiller. The ... … More »

  • Stock markets cautious ahead of key Fed speech
    Stock markets cautious ahead of key Fed speech Associated Press - 2 hours 21 minutes ago

    Stock markets were mostly lower Friday as investors awaited a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day for cues on the timing of the next interest rate hike. KEEPING SCORE: ... … More »

  • Equities set two-week low before Yellen speech, dollar dips
    Equities set two-week low before Yellen speech, dollar dips Reuters - 2 hours 40 minutes ago

    Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates. Investors were wary of … More »

  • Monte dei Paschi chairman says talks of CEO replacement are groundless Reuters - 2 hours 44 minutes ago

    The chief executive of Banca Monte dei Paschi di Siena Fabrizio Viola has the full backing of the lender's chairman and reports he will be replaced are groundless, the bank's chairman said on Friday. A report by Il Giornale daily cited financial … More »

  • Singapore’s Air Quality Remains Unhealthy as Haze Worsens (2) Bloomberg - 2 hours 58 minutes ago

    The haze, caused by forest and land fires in Riau, is being carried by wind toward Singapore, said Sutopo Purwo Nugroho, a spokesman at Indonesia’s National Disaster Mitigation Authority which reported 67 hotspots. Fire hotspots have appeared over … More »

  • Agricultural Bank Plans to Raise $12 Billion Over Three Years Bloomberg - 2 hours 58 minutes ago

    The bank needs to strengthen its capital buffers, President Zhao Huan told reporters in Beijing on Friday, adding that the lender aims to maintain a stable dividend payout. The announcement came after the bank eked out a 0.5 percent increase in … More »

  • British economy escapes Brexit blow, for now
    British economy escapes Brexit blow, for now Reuters - 3 hours ago

    Britain's high streets are heaving with shoppers despite June's shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom. The … More »

  • Japan PM in Kenya to launch summit on African development
    Japan PM in Kenya to launch summit on African development Associated Press - 3 hours ago

    Japanese Prime Minister Shinzo Abe has arrived in Kenya to launch the Tokyo International Summit on African Development which 35 heads of state are expected to attend. Abe was welcomed Friday by Kenyan ... … More »

  • Hong Kong Tribunal Says Citron’s Left Culpable of Misconduct (2) Bloomberg - 3 hours ago

    The Market Misconduct Tribunal of Hong Kong said Friday that information in the Citron note was “false and/or misleading as to material facts or through omission of material facts,” and that as such Left was either “reckless” or “negligent” in … More »

Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
to view quotes in your portfolios.


  • Most Actives
    Most Actives
    NamePriceChange% Chg
  • % Gainers
    % Gainers
    NamePriceChange% Chg
  • % Losers
    % Losers
    NamePriceChange% Chg

Market Data

  • Currencies
    NamePriceChange% Chg
  • Commodities
    NamePriceChange% Chg
  • Bonds
    TreasuryYield (%)Yield Change