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Overnight Markets: Wall Street down on Fed comments
by Himanshu Singh on Sep 24, 2013 at 04:17
Shares of BlackBerry fell as much as 6.1% earlier as Jefferies Group lowered its rating on the shares to hold from buy, saying the handset business has a negative value.
In Asia, shares declined on Tuesday in late morning trade amid a political showdown in Washington over the US budget and as investors examined speeches from Fed officials for clues on monetary policy.
The MSCI Asia Pacific Index declined 0.7% to 140 as of 9:41 a.m. in Hong Kong. Japan’s Topix index slid 0.7%. Australia’s S&P/ASX 200 Index declined 0.5% and South Korea’s Kospi index fell 0.4%. New Zealand’s NZX 50 Index rose less than 0.1%. Singapore’s Straits Times Index rose 0.1%. Taiwan’s Taiex Index was little changed.
The Hang Seng Index and China’s Shanghai Composite Index both slid 0.3%.
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