ASIAN markets are mostly lower as better-than-expected US growth data failed to offset concerns over corporate earnings.
Trading was also nervous at the start of a crucial week that will see a Bank of Japan policy meeting, the release of US jobs data and a series of talks in Europe on Greece's debt.
Tokyo ended flat on Monday, dipping 3.72 points to 8,929.34. Sydney closed 0.10 per cent, or 4.5 points, higher at 4,476.9 and Seoul was almost unchanged, nudging up 0.09 points to 1,891.52.
Hong Kong closed down 0.16 per cent, or 34.52 points, at 21,511.05 with developers dragged down by government plans to curb the red-hot property market.
Shanghai ended 0.35 per cent lower, giving up 7.27 points to 2,058.94.
The US Department of Commerce said on Friday the world's No.1 economy grew at a 2.0 per cent annual rate in July-September - compared with the second quarter's 1.3 per cent expansion and the 1.9 per cent forecast by most economists.
A 13 per cent jump in defence spending, which tends to be volatile, and better consumer spending and housing investment propelled the growth.
However, the data did highlight flat business investment and shrinking exports.
Wall Street was almost unmoved as investors took stock of another set of disappointing earnings from the likes of Apple and Merck. The Dow ended up 0.03 per cent, the S&P 500 lost 0.07 per cent and the Nasdaq gained 0.06 per cent.
The New York Stock Exchange announced it would close its trading floor and conduct only electronic transactions, as Hurricane Sandy closed in on the US eastern seaboard.
"In consultation with other exchanges and market participants, NYSE Euronext will close its markets on Monday ... and pending confirmation on Tuesday," the market operator said in a statement.
Joe Bracken, head of macro strategies at BT Investment Management in Sydney, suggested the impending hurricane could contribute to quiet trading in Asia.
"You've got the US essentially closed, so there will be less of that US liquidity that drives a lot of international markets," he told Dow Jones Newswires.
Eyes are now on a two-day meeting of the Bank of Japan which ends on Tuesday, with most investors hoping it will unveil an extension of its monetary easing policy.
Despite expectations of fresh cash being pumped into the market, the yen rose slightly in afternoon Asian trade.
The dollar was trading at Y79.61 against Y79.62 late on Friday in New York, while the euro bought Y102.70 compared with Y103.00.
The European unit was at $US1.2900 from $US1.2942.
Also on the horizon are the release of manufacturing figures out of China and other Asian nations, while the US will on Friday unveil its non-farm payrolls data, the last before the presidential election.
And eurozone ministers will hold a series of meetings on Greece to decide whether it has done enough to fix its debt problem to receive the latest tranche of crucial aid money.
The ministers are also looking at a Greek request for the terms of its bailout to be extended by two years to 2016.
Oil was lower. New York's main contract, light sweet crude for delivery in December, shed 68 US cents to $US85.60 a barrel in the afternoon and Brent North Sea crude for December delivery fell 85 US cents to $US108.70.
Gold was at $US1,711.90 at 1700 AEDT, compared with $US1,703.18 late on Friday.
In other markets:
- Taipei slipped 0.59 per cent, or 42.39 points, to 7,091.67.
Leading smartphone maker HTC was 7.0 per cent limit-down at $Tw219.5 while Taiwan Semiconductor Manufacturing Co was 0.92 per cent higher at $Tw88.1.
- Manila closed 0.14 per cent lower, losing 7.74 points to 5,397.42.
Ayala Land rose 0.64 per cent to 23.65 pesos but Puregold Price Club was unchanged at 30.05 pesos. Coal Asia Holdings, which soared 50 per cent on its debut last week, slumped 14.67 per cent to 1.28 pesos.
- Wellington fell 0.82 per cent, or 32.48 points, to 3,951.30.
Telecom was off 3.45 per cent at $NZ2.38 and Fletcher Building shed 0.7 per cent to $NZ7.07.
Anda sedang membaca artikel tentang
Asian markets mostly lower
Dengan url
http://semangatglegar.blogspot.com/2012/10/asian-markets-mostly-lower.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Asian markets mostly lower
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar