Asian shares are mostly lower, with markets in Japan and US closed

Bangkok, Nov. 23 (BNA): Shares were mostly lower in Asia on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.

 

Markets in Japan and the U.S. are closed Thursday for holidays.

 

Oil prices fell about $1 a barrel after OPEC postponed until next week a meeting to discuss production cuts, according to Reuters.

 

Hong Kong’s Hang Seng lost 0.4% to 17,668.99 and the Shanghai Composite index edged 0.2% higher, to 3,048.82.

 

Australia’s S&P/ASX 200 shed 0.6% to 7,030.70. In South Korea, the Kospi slipped 2 points lower, to 2,509.73.

 

Bangkok’s SET lost 0.4% and the Taiex in Taiwan was down 0.2%. The Sensex in Mumbai opened up 0.1%.

 

Technology and communications services stocks accounted for a big share of the gains for the S&P 500. Microsoft rose 1.3% and Google parent Alphabet added 1.1%.

 

Broadcom slipped 0.9% after announcing that it expects to complete its $69 billion deal to acquire VMWare on Wednesday after clearing all regulatory hurdles.

 

But it lifted airlines and other companies that stand to benefit from lower fuel costs. United Airlines rose 0.9% and American Airlines gained 1.5%. Cruise line operator Carnival rose 1.9%.

 

The U.S. dollar slipped to 149.12 Japanese yen from 149.56 yen.

 

The euro rose to $1.0905 from $1.0889.

 


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