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View the article online at http://citywire.co.uk/wealth-manager/article/a725173

Overnight Markets: Wall Street ends nearly flat on quiet trading day

by Himanshu Singh on Dec 20, 2013 at 03:36

In Asia, shares declined on Friday in late morning trade, led by Chinese stocks amid concern funding costs for the nation’s lenders will remain high even after the central bank injected cash into the financial system.

The MSCI Asia Pacific Index fell 0.2% to 138 as of 11:14 a.m. in Hong Kong. Hong Kong’s Hang Seng Index sank 0.2% and China’s Shanghai Composite retreated 0.6%. Japan’s Topix index fell 0.5%. Australia’s S&P/ASX 200 Index (AS51) gained 0.8%, on course for a two-day gain of 2.9%. New Zealand’s NZX 50 Index slipped 0.1%. South Korea’s Kospi index advanced 0.1%, while Singapore’s Straits Times Index and Taiwan’s Taiex Index rose 0.3%.

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