Asian shares slip following a weak close on Wall Street

Bangkok, Nov. 22 (BNA): Shares slipped in Asia on Wednesday, tracking a decline on Wall Street a day after stocks there hit their highest level since the start of August.

 

Tokyo’s Nikkei 225 edged 0.3% higher to 33,450.18, and the Kospi in Seoul slipped 0.1% to 2,508.55, the Associated Press (AP) reported.

 

In Hong Kong, the Hang Seng shed 0.1% to 17,720.18, while the Shanghai Composite index was down 0.3% to 3,059.16.

 

Sunac China Holding’s shares rose 3.8% as state media reported it had completed a restructuring of its $90 billion in debts.

 

Australia’s S&P/ASX 200 slipped 0.1% to 7,069.50. Shares also fell in Taiwan and Thailand, while the Sensex in Mumbai was up 0.1%.

 

S&P 500 slipped 0.2% to 4,538.19 for just its third loss in the last 17 days.

 

The Dow Jones Industrial Average dropped 0.2% to 35,088.29, and the Nasdaq composite dipped 0.6% to 14,199.98.

 

Lowe’s sank 3.1% despite reporting better profit for the latest quarter.

 

U.S. benchmark crude oil shed 7 cents to $77.70 per barrel in electronic trading on the New York Mercantile Exchange. It gave up 6 cents to $77.77 on Tuesday.

 

Brent crude, the international standard, lost 9 cents to $82.36 a barrel.

 

The U.S. dollar weakened to 148.30 Japanese yen from 148.39 yen late Tuesday. The euro rose to $1.0914 from $1.0912.

 


 

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