View the article online at http://citywire.co.uk/wealth-manager/article/a722439
Overnight Markets: Wall Street drops after retail reports
by Himanshu Singh on Dec 04, 2013 at 03:53
In Asia, shares declined on Wednesday after the yen strengthened and investors awaited US jobs data this week that may provide further evidence as to when the Fed will reduce stimulus.
The MSCI Asia Pacific Index slid 0.8% to 141 as of 11:12 a.m. in Hong Kong. Japan’s Topix index lost 1.5% after the yen yesterday snapped a four-day slide. The Nikkei 225 retreated 2.1% as Toyota fell 1.3%.
Australia’s S&P/ASX 200 Index advanced 0.2%. South Korea’s Kospi index dropped 0.6% and New Zealand’s NZX 50 Index fell 1.2%.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.