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Overnight Markets: Wall Street declines on Iraq concerns

by Himanshu Singh on Jun 25, 2014 at 04:17

In Asia, shares declined on Wednesday in morning trade, led by material shares, as escalating violence in Iraq sapped demand for riskier assets.

The MSCI Asia Pacific Index fell 0.2% to 145 as of 10:51 a.m. in Tokyo. Japan’s Topix index fell 0.2%. South Korea’s Kospi index retreated 0.4%. Australia’s S&P/ASX 200 Index lost 0.6%, while New Zealand’s NZX 50 Index slipped 0.1%.

Hong Kong’s Hang Seng Index was little changed and the Shanghai Composite Index lost 0.5%. Taiwan’s Taiex index fell 0.1%. Singapore’s Straits Times Index added 0.1%.

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