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Overnight Markets: US stocks end little changed ahead of Yellen’s testimony
by Himanshu Singh on Feb 27, 2014 at 03:12
A day after upbeat results from Macy's and Home Depot, Macy's stock rose 3% and Home Depot jumped 0.9%.
In Asia, shares declined on Thursday in late morning session as emerging markets were rattled by escalating tensions in Ukraine, sending investors scurrying to the safety of the dollar and US Treasuries.
The MSCI Asia Pacific Index dropped 0.3% to 138 as of 10:41 a.m. in Tokyo. Japan’s Topix lost 0.4%. Australia’s S&P/ASX 200 Index declined 0.4% and New Zealand’s NZX 50 Index slid 0.5%, while South Korea’s Kospi index and Hong Kong’s Hang Seng Index were both little changed. China’s Shanghai Composite Index dropped 0.2%.
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