View the article online at http://citywire.co.uk/wealth-manager/article/a727792
Overnight Markets: Wall Street falls on caution ahead of earnings
by Himanshu Singh on Jan 14, 2014 at 03:35
In Asia, shares declined on Tuesday in morning trade following the biggest drop in US stocks since November amid concern over valuations.
The MSCI Asia Pacific Index lost 1.2% to 139 as of 10:55 a.m. in Tokyo. Japan’s Topix (TPX) index slumped 1.9% as the market reopened following a public holiday. Australia’s S&P/ASX 200 Index fell 1%, while New Zealand’s NZX 50 Index slid 0.7%.
South Korea’s Kospi index lost 0.1%. Singapore’s Straits Times Index dropped 0.4% and Taiwan’s Taiex index declined 0.3%.
Hong Kong’s Hang Seng Index lost 0.8% and the Hang Seng China Enterprises Index of mainland shares traded in the city fell 1%. China’s Shanghai Composite Index slipped 0.3%.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.
More about this:
On the road
on Jul 29, 2014 at 13:10