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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