Asian markets slip on Fed stimulus fears

Asian markets saw early losses Thursday following a tumble on Wall Street as traders grow concerned that the US Federal Reserve could bring an early end to its huge stimulus programme.

Minutes from the Fed's most recent policy board meeting showed some members were in favour of cutting short the $85 billion-a-month bond-buying introduced last year to support the economy and which has helped lift global shares.

Tokyo fell 0.80 percent by the break, Sydney lost 1.19 percent, Seoul was off 0.33 percent, Hong Kong slipped 1.33 percent and Shanghai was 1.39 percent lower.

The Fed introduced a third round of its asset-purchase scheme, known as quantitative easing 3 (QE3), in September and said it would not take its foot off the pedal until unemployment had fallen and the economy was strong enough.

However, investor sentiment took a hit after the Fed minutes showed a "number" of board members said an ongoing evaluation of the easing "might well lead the committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labour market had occurred".

On Wall Street the Dow fell 0.77 percent and the S&P 500 lost 1.24 percent, with both markets having closed at more than five-year highs on Tuesday. The Nasdaq dropped 1.53 percent.

The dollar surged against the euro in New York trade, with the single currency ending at $1.3283, well down from $1.3390 the previous day.

In Tokyo on Thursday the euro bought $1.3285. The euro also sat at 124.50 yen compared with 124.37 yen in New York. The greenback fetched 93.67 yen, against 93.61 yen.

Qantas shares surged 4.15 percent after a surge in six-month net profit for the airline, which banked Aus$125 million (US$128 million) in compensation from Boeing because of delays in the delivery of the Dreamliner.

Sony slipped 1.55 percent in a muted response after it announced its long-awaited PlayStation 4 in New York without actually unveiling the console.

Oil prices were lower owing to a stronger dollar, with New York's main contract, light sweet crude for delivery in April, shedding 49 cents to $94.73 a barrel and Brent North Sea crude for delivery in April dropping 59 cents to $115.01.

Gold was at $1,559.90 at 0235 GMT, compared with $1,595.20 late Wednesday.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • How the Dow Jones industrial average fared on Tuesday Associated Press - 14 minutes ago

    Stocks posted modest gains on Tuesday, bringing indexes nearly back to the record levels they reached last week. Homebuilders rose sharply following a big jump in sales of new homes last month, and Best ... … More »

  • Biden vows 'rock solid' NATO ties as allies slam Trump
    Biden vows 'rock solid' NATO ties as allies slam Trump AFP News - 27 minutes ago

    US Vice President Joe Biden promised unwavering commitment to NATO's collective defence Tuesday as he sought to reassure Baltic allies spooked by a resurgent Russia and White House hopeful Donald Trump. "Let there be no doubt -- America's Article 5 … More »

  • Intuit reports 4Q loss Associated Press - 34 minutes ago

    On a per-share basis, the Mountain View, California-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share. The results exceeded Wall Street ... … More »

  • Wall St. edges higher on tech, housing boost
    Wall St. edges higher on tech, housing boost Reuters - 47 minutes ago

    With the U.S. earnings season winding down, investors are also turning their focus to the likelihood of an interest rate hike in the coming months. Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues … More »

  • Markets Right Now: US stocks notch modest gains Associated Press - 54 minutes ago

    The latest on developments in global financial markets (all times local): 4:00 a.m. Stocks managed modest gains in another quiet day of trading that kept major U.S. indexes slightly below the record levels ... … More »

  • Nimble Storage reports 2Q loss Associated Press - 55 minutes ago

    On a per-share basis, the San Jose, California-based company said it had a loss of 47 cents. Losses, adjusted for stock option expense, came to 19 cents per share. The results exceeded Wall Street expectations. ... … More »

  • Oil prices jump on report Iran could support OPEC limits AFP - 1 hour 0 minutes ago

    Oil prices jumped on Tuesday after a new report that Iran could support an effort by OPEC and Russia to freeze production and firm up prices. The Reuters report, citing unnamed sources, said Tehran is ... … More »

  • Housing sector lifts U.S., European stocks; oil rises
    Housing sector lifts U.S., European stocks; oil rises Reuters - 1 hour 15 minutes ago

    Homebuilders helped lift both U.S. and European stock markets on Tuesday, while oil prices got a boost from Iran's positive signals about an output freeze. On Wall Street, technology companies led the Nasdaq to a record intraday high and robust … More »

  • Gold steady ahead of global central bankers meeting
    Gold steady ahead of global central bankers meeting Reuters - 1 hour 20 minutes ago

    NEW YORK/LONDON (Reuters) - Gold was largely unchanged on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official over the weekend to a meeting of global central bankers later this week that might provide hints on the … More »

  • Grain lower, livestock lower Associated Press - 1 hour 24 minutes ago

    Grain futures were lower Tuesday on the Chicago Board of Trade. Wheat for Sept. declined 7.50 cents at $4.0775 a bushel; Sept. corn fell 4.75 cents to 3.2850 a bushel; Sept. oats was off .75 cent at $1.7150 ... … More »

  • Dollar slips vs yen on Fed rate hike uncertainty
    Dollar slips vs yen on Fed rate hike uncertainty Reuters - 1 hour 34 minutes ago

    The dollar slid against the yen on Tuesday, as investors shifted their focus away from hawkish remarks on U.S. interest rates by Federal Reserve officials and towards a speech on Friday by Fed Chair Janet Yellen. Yellen will speak at the annual … More »

  • Oil up over 1 percent as Iran signals support for OPEC freeze action
    Oil up over 1 percent as Iran signals support for OPEC freeze action Reuters - 1 hour 42 minutes ago

    Oil prices rose more than 1 percent on Tuesday after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. It refused to join a previous attempt this year by OPEC plus non-members such … More »

  • BOJ Spurs Bond Volatility on Policy Review Markets Can’t Predict Bloomberg - 2 hours 3 minutes ago

    The only sure thing in the run-up to the BOJ board meeting next month may be wilder market swings. Volatile movements in Japanese government bonds are likely because debt investors aren’t able to price in the outcome of the meeting, according … More »

  • Yuan Funds Abroad See Pickup After Luring $604 Million in 2016 Bloomberg - 2 hours 4 minutes ago

    China Asset Management Co. has seen more inflows into equity funds that invest offshore yuan into mainland equities since Britain’s June 23 vote to leave the European Union. CSOP Asset Management Ltd. had its strongest inflows in 14 months in June … More »

  • Social Security rolls back security measures on website Associated Press - 2 hours 18 minutes ago

    The Social Security Administration has rolled back extra security measures on the agency's website after getting complaints from people who had trouble accessing their accounts. For years, workers and ... … More »

  • AIG in talks to sell Lloyd's insurance business to CPPIB - WSJ
    AIG in talks to sell Lloyd's insurance business to CPPIB - WSJ Reuters - 2 hours 38 minutes ago

    (Reuters) - American International Group Inc (AIG.N) is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal ... … More »

  • VW, U.S. states to hold settlement talks over excess emissions
    VW, U.S. states to hold settlement talks over excess emissions Reuters - 3 hours ago

    Maryland, Massachusetts, New York and Pennsylvania sued Volkswagen over excess diesel emissions related to its use of cheating software while the state of Washington has filed a notice of penalty against Volkswagen. VW said settlement talks will … More »

  • BRIEF-Hartalega Holdings lays off almost 600 people in Q1 - Nikkei Reuters - 3 hours ago

    Aug 23 (Reuters) - Nikkei: * Hartalega Holdings has fired almost 600 people in a "cost management exercise", which is close to 10 percent of its headcount in Q1 - Nikkei Source text for Eikon:... … More »

  • Spain balcony-jumping craze: most are drunk Brits, study finds
    Spain balcony-jumping craze: most are drunk Brits, study finds AFP News - 3 hours ago

    They're young, mostly British, on holiday, drunk and sometimes high, and they decide to jump from their hotel or apartment balcony into the pool. The so-called "balconing" craze has taken off to such an extent in Spain's Balearic Islands that … More »

  • Campaign's rising rent at Trump Tower came as space expanded
    Campaign's rising rent at Trump Tower came as space expanded Associated Press - 3 hours ago

    Donald Trump's campaign is taking up more space inside Trump Tower in New York -- and paying a lot more in rent. The Republican presidential nominee's campaign paid $35,457 per month for rent and utilities ... … More »

  • European markets rise on better data
    European markets rise on better data AFP News - 4 hours ago

    European stock markets rebounded on Tuesday, driven by improving eurozone data and signs that the initial impact of Britain's shock EU exit vote may not be as bad as feared. Investors were also looking to a speech on Saturday from Federal Reserve … More »

  • Danish lawmakers to visit Australia's Nauru migrant camp
    Danish lawmakers to visit Australia's Nauru migrant camp AFP News - 4 hours ago

    Danish lawmakers will travel to the Pacific island of Nauru to visit a controversial Australian immigration centre and study the use of offshore settlements for asylum-seekers, one of the MPs said Tuesday. Six members of the Danish parliament's … More »

  • TABLE-INDONESIA KPB NUSANTARA PALM OIL PRICES - Aug 23 Reuters - 4 hours ago

    Aug 23 (Reuters) - Following are Indonesian prices for crude palm oil (CPO) quoted at an auction by PT KPB Nusantara (formerly known as the state marketing centre) on Monday. Buyer Volume Price Terms (tonnes) ... … More »

  • RUBBER-Tokyo futures prices after evening session Aug 23 Reuters - 4 hours ago

    Following are prices for Tokyo rubber futures at the end of the Tokyo market's evening session on Aug 2016. Contract Day Volume Evening Volume * Aug 169.2 - 161.4 13 * Sep 163.8 23 161.8 26 * Oct 161.9 ... … More »

  • Turkey vows 'all kinds of support' for anti-IS Jarabulus operation
    Turkey vows 'all kinds of support' for anti-IS Jarabulus operation AFP News - 4 hours ago

    Turkey pledged Tuesday to give "all kinds of support" to push Islamic State (IS) jihadists out of the Syrian town of Jarabulus near the two countries' border. Foreign Minister Mevlut Cavusoglu made the promise amid reports Ankara-backed rebels were … 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.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.129-0.002-1.53%
    N21.SI
    0.790.000.00%
    BS6.SI
    0.370.00+1.37%
    E5H.SI
    0.5650.0000.00%
    5TP.SI
    0.255-0.005-1.92%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.40+0.09+29.03%
    AWI.SI
    0.194+0.028+16.87%
    B69.SI
    0.159+0.019+13.57%
    5PD.SI
    0.17+0.02+13.33%
    BGO.SI
    0.225+0.025+12.50%
    BQN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.285-0.065-18.57%
    AVZ.SI
    0.155-0.033-17.55%
    RF7.SI
    0.22-0.03-12.00%
    BLZ.SI
    0.23-0.03-11.54%
    BLU.SI
    0.225-0.025-10.00%
    K14.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3510+0.0003+0.03%
    USDSGD=X
    1.5258-0.0032-0.21%
    EURSGD=X
    1.7797+0.005+0.28%
    GBPSGD=X
    73.9770-0.272-0.37%
    SGDJPY=X
    5.7346-0.0039-0.07%
    SGDHKD=X
    2.9758-0.0015-0.05%
    SGDMYR=X
    9,815.2822+25.0186+0.26%
    SGDIDR=X
    4.9107-0.0123-0.25%
    SGDCNY=X
    1.0288-0.0019-0.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,342.20-1.20-0.09%
    GCZ16.CMX
    18.82-0.04-0.23%
    SIU16.CMX
    103.89-1.81-1.72%
    ^XAU
    2.11-0.03-1.24%
    HGU16.CMX
    47.67+0.26+0.55%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.14+0.01
    ^FVX
    1.55+0.01
    ^TNX
    2.240.00
    ^TYX