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Overnight Markets: Wall Street down on earnings forecasts
by Himanshu Singh on Oct 24, 2013 at 05:08
In Asia, shares declined on Thursday in late morning trade after US shares retreated from a record amid disappointing company earnings forecasts.
The MSCI Asia Pacific Index slipped 0.2 percent to 142.50 as of 11:12 a.m. in Tokyo. China’s Shanghai Composite Index slid 0.2%. Hong Kong’s Hang Seng Index slipped 0.5%. Japan’s Topix index fell 0.4%. New Zealand’s NZX 50 Index declined 1.2%, retreating from a record. South Korea’s Kospi index was little changed and Australia’s S&P/ASX 200 Index rose 0.5%. Taiwan’s Taiex index lost 0.2% and Singapore’s Straits Times Index added 0.1%.
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