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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%.

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