Asian shares snap on US earnings, home sales figures
April 24, 2014 8:07 am
Asian stocks swerved between winnings and losings as investors reckoned better than anticipated earnings from Apple Inc. and Facebook Inc. and a surprisingly plunge in home sales in the world’s biggest economy.
Toyota Motor Corp., the world’s biggest carmaker, tumbled 1.6% in Tokyo. Kansai Electric Power Co. dropped 4.4% following it said it might take a long time to resume its nuclear reactors in Japan.
Catcher Technology Co., which creates casings for iPhones, leaped 4.1% and Largan Precision Co., a supplier of lenses to Apple, climbed 2.7% in Taipei.
The MSCI Asia Pacific Index declined 0.2% to 138.65 as of 12:27 p.m. in Tokyo, following it escalated less than 0.1%.
Chinese shares in Hong Kong and Shanghai surged for their second week of losses following a report yesterday reflected an initial manufacturing gauge indicated continuous weakness in the world’s second biggest economy.
South Korea’s Kospi index decreased 0.1%, following it increased 0.3% earlier. Japan’s Topix index wiped out 0.5%, receding from a two-week peak. China’s Shanghai Composite Index slid 0.1%. The Hang Seng China Enterprises Index of mainland shares listed in Hong Kong grew 0.3%. Singapore’s Straits Times Index went up 0.5%.
The material has been provided by InstaForex Company – www.instaforex.com
Asian stocks swerved between winnings and losings as investors reckoned better than anticipated earnings from Apple Inc. and Facebook Inc. and a surprisingly plunge in home sales in the world’s biggest economy.
Toyota Motor Corp., the world’s biggest carmaker, tumbled 1.6% in Tokyo. Kansai Electric Power Co. dropped 4.4% following it said it might take a long time to resume its nuclear reactors in Japan.
Catcher Technology Co., which creates casings for iPhones, leaped 4.1% and Largan Precision Co., a supplier of lenses to Apple, climbed 2.7% in Taipei.
The MSCI Asia Pacific Index declined 0.2% to 138.65 as of 12:27 p.m. in Tokyo, following it escalated less than 0.1%.
Chinese shares in Hong Kong and Shanghai surged for their second week of losses following a report yesterday reflected an initial manufacturing gauge indicated continuous weakness in the world’s second biggest economy.
South Korea’s Kospi index decreased 0.1%, following it increased 0.3% earlier. Japan’s Topix index wiped out 0.5%, receding from a two-week peak. China’s Shanghai Composite Index slid 0.1%. The Hang Seng China Enterprises Index of mainland shares listed in Hong Kong grew 0.3%. Singapore’s Straits Times Index went up 0.5%.
The material has been provided by InstaForex Company – www.instaforex.com
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