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Overnight Markets: US stocks rise on retail data
by Himanshu Singh on Jan 16, 2013 at 03:32
On the down side, shares of Facebook dropped 2.7% after the company introduced a tool for searching information posted to its social network.
Lululemon Athletica Inc. slid 3.9% after the Canadian yoga-wear retailer forecast fourth-quarter sales that trailed analysts’ estimates.
In Asia, shares declined on Wednesday led by Japanese equities after the yen gained dimming the outlook for export earnings.The MSCI Asia Pacific Index slid 0.3% to 132 as of 10:39 a.m. Tokyo time. Japan’s Nikkei 225 dropped 1.5%, after closing yesterday at the highest level since April 2010. China’s Shanghai Composite Index was little changed, while Hong Kong’s Hang Seng Index fell 0.1%. Taiwan’s Taiex Index slipped 0.6% and South Korea’s Kospi Index added 0.4%. Australia’s S&P/ASX 200 Index gained 0.4%.
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