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The Financial Express

Asian stocks decline after US stocks fall

| Updated: December 01, 2017 12:05:10


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

Asian stock markets declined Thursday after US tech stocks fell and China reported stronger manufacturing as investors looked ahead to a key OPEC meeting.

The Shanghai Composite Index shed 0.2 per cent to 3,330.04 and Tokyo's Nikkei 225 retreated 0.1 per cent to 22,570.42. Hong Kong's Hang Seng fell 1 per cent to 29,332.42.

Seoul's Kospi lost 0.6 per cent to 2,497.35. Sydney's S&P-ASX 200 declined 0.7 per cent to 5,965.90. Benchmarks in Taiwan, Singapore and Jakarta also retreated, while New Zealand and Malaysia gained.

The Standard & Poor's 500 index lost just under 1 point to 2,626.07 and the Dow Jones industrial average gained 0.4 per cent to 23,940.68. The Nasdaq lost 1.3 per cent to 6,824.39, reports AP.

Benchmark US crude rose 6 cents to $57.36 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 69 cents on Wednesday to $57.30.

Brent crude, used to price international oils, gained 12 cents to $62.65 in London. It lost 71 cents the previous session to $62.53.

The dollar strengthened to 111.98 yen from 111.90 yen. The euro gained to $1.1870 from $1.1847.

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