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The Financial Express

Asian shares slip in cautious trade

| Updated: December 08, 2017 10:27:22


Evaly and Fianancial Express Evaly and Fianancial Express
File Photo (AP) File Photo (AP)

Asian shares were mostly lower on Tuesday after a lackluster session on Wall Street, where technology stocks tumbled.

Investors are keeping an eye on US tax legislation and Brexit negotiations, reports AP.

Tokyo's Nikkei 225 index slipped 0.4 per cent to 22,622.38 and Hong Kong's Hang Seng index dropped 0.5 per cent to 28.977.54. The Kospi in South Korea gained 0.2 per cent to 2,507.44.

The Shanghai Composite index shed 0.2 per cent to 3,303.05. Australia's S&P ASX 200 fell 0.2 per cent to 5,971.80. Shares in Southeast Asia were mostly higher. Taiwan declined.

The S&P 500 dipped 0.1 per cent to 2,639.44, while the Dow Jones industrial average rose 0.2 per cent to 24,290.05. The tech-heavy Nasdaq composite fell 1.1 per cent, to 6,775.37.

The dollar rose to 112.61 Japanese yen from 112.41 yen late Monday. The euro climbed to $1.1868 from $1.1866, and the British pound fell $1.3472 from $1.3479.

Benchmark US crude gained 4 cents to $57.51 per barrel in electronic trading on the New York Mercantile Exchange. It slumped 89 cents to settle at $57.47 per barrel on Monday.

Brent crude, the international standard, lost 5 cents to $62.40 per barrel. It fell $1.28 to $62.45 a barrel in London.

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