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Overnight Markets: Wall Street falls as investors weigh data
Markets
by Himanshu Singh on Feb 01, 2013 at 03:26
Dow Chemical Co. slid 7% after earnings missed forecasts as sales fell in Europe. ConocoPhillips slipped 5.1% after saying oil and natural gas production will hit a low point this year.
In Asia, shares oscillated between gains and losses on Friday in morning trade after a gauge of China’s manufacturing unexpectedly declined, while Japanese shares rose on earnings and a weaker yen.
The MSCI Asia Pacific Index slid 0.1% to 133 as of 10:47 a.m. in Tokyo. Japan’s Nikkei 225 Stock Average rose 0.4% today, heading for a 12th weekly advance. Hong Kong’s Hang Seng Index and Shanghai Composite Index fell 0.4%.
Australia’s ASX All Ordinaries Index was up 0.82%, while Korea’s Kospi Index lost 0.09%.
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