Tokyo, April 26 (BNA): Most Asian stocks fell as concerns grew about the health of global economies after a slump on Wall Street, despite some better-than-expected earnings reports.
The Associated Press (AP) reported that Tokyo, Sydney, Seoul and Shanghai fell while Hong Kong posted gains in early trade.
Japan’s Nikkei 225 fell 0.5% in morning trade, to 28,469.08.
Australia’s S&P/ASX 200 Index was down 0.1%, at 7,317.70.
South Korea’s Kospi Index fell less than 0.1%, to 2,488.69.
Hong Kong’s Hang Seng Index rose 0.7% to 19,745.80.
The Shanghai Composite Index lost 0.3%, to 3,254.69 points.
The S&P 500 fell 1.6% to 4,071.63, breaking a weeks-long lull.
The Dow Jones Industrial Average fell 1%, to 33,530.83.
The Nasdaq Composite fell 2% to 11,799.16.
In the bond market, the yield on the 10-year Treasury fell to 3.39% from 3.50% late Monday.
Helps determine rates for mortgages and other important loans.
The two-year yield, which moves further based on Fed action expectations, fell to 3.95% from 4.11%.
In energy trade, US crude added 41 cents to $77.48 a barrel.
Brent crude, the international benchmark, rose 31 cents to $81.08 a barrel.
In currency trading, the US dollar fell to 133.54 yen from 133.72 yen.
The price of the euro reached $1.0981, down slightly from $1.0977.
NAA