View the article online at http://citywire.co.uk/wealth-manager/article/a726977
Overnight Markets: US stocks down on Fed stimulus concern
by Himanshu Singh on Jan 09, 2014 at 03:16
In Asia, shares declined on Thursday ahead of Chinese inflation data and after Fed minutes showed officials saw diminishing benefits from the central bank’s bond-buying.
The MSCI Asia Pacific Index lost 0.5% to 139 as of 11:26 a.m. in Tokyo. Japan’s Topix (TPX) index fell 0.7% and South Korea’s Kospi index slipped 0.1% as the central bank left its key interest rate unchanged. Australia’s S&P/ASX 200 Index fell 0.2%, while New Zealand’s NZX 50 Index gained 0.7%. Singapore’s Straits Times Index advanced 0.6% and Taiwan’s Taiex index was little changed. Hong Kong’s Hang Seng Index and the Hang Seng China Enterprises Index of mainland shares traded in the city both fell 0.2%. China’s Shanghai Composite Index added 0.1%.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
On the road
by James Phillipps on Jul 23, 2014 at 14:34