A visitor goes in front of private equity trading cards at a private equity market gallery in Kuala Lumpur, Malaysia,…
BEIJING (AP) – Most Asian stock markets were acquired on Thursday after Wall Street fell and Britain’s cabinet approved a draft agreement to leave the European Union.
Points: Shanghai Composite Index rose 1 percent to 2 659.12 and Hong Kong’s Hang Seng charge 1 percent to 25 907.26. Tokyo Nikkei 225 throw 0.2 percent to 21,803.62 and Seoul Kospi advanced 0.4 percent to 2,077.41. Sydneys S & P-ASX 200 posted 3 points to 5,736.00. India’s Sensex increased 0.4 percent to 35.286.91. Bangkok and New Zealand retreated while Taiwan and other Southeast Asian markets rose.
WALL STREET: US markets were deducted from losses for technology companies, banks and insurance companies. Apple Inc. lost 2.8 percent. Bond prices rose as traders shifted money into low-risk assets. This led to the return, which makes the banks hurt by lowering loans. Energy stocks recovered as crude oil prices snapped a 12-day losing stretch. The Standard & Poors 500 Index dropped 0.8 percent to 2,701.58. Dow Jones Industrial Average lost 0.8 percent to 25,080.50. The Nasdaq Composition dropped 0.9 percent to 7.136.39.
BREXIT: Prime Minister Theresa May persuaded the British government to resume an agreement to separate from the European Union and trigger the last steps towards Brexit. Can say that the decision is a “decisive step” towards the completion of the exit agreement with the EU within a few days, but it was unclear whether Parliament will continue. The agreement would allow Britain to stay in a customs union bound by EU rules, while the two parties negotiate a trade agreement. EU chief negotiator Michel Barnier said the two sides agreed to avoid a “hard border” between Ireland, a member of the trade block and Northern Ireland.
ANALYSIS: “Although Britain’s Cabinet supports the new Brexit draft plan, increasing for the markets had been short lived with the sea of concern exaggerates the feeling,” said Jingyi Pan of IG in a report. The Asian markets “take after the poor leaders of Wall Street” because of “small tasks” that depend on the region.
AUSTRALIAN JOB: Government data showed that employment increased by 32,800 in October, above expectations on the market for a profit of 20,000. Unemployment rate remained at 5 percent. The annual employment rate increased to 2.5 percent.
ENERGY: Benchmark US commodity lost 12 cents to $ 56.13 per barrel in electronic commerce on the New York Mercantile Exchange. The contract increased 56 cents on Wednesday to close at $ 56.25. Brent crude oil, which used to price international oils, fell 1 cent to $ 66.11 per barrel in London. It got 65 cents the previous session to $ 66.12.
CURRENCY: The dollar weakened to 113.47 yen from Wednesday’s 113.63 yen. The euro was strengthened to $ 1,1323 from $ 1,1309.