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Overnight Markets: Wall Street falls on Iraq concerns

by Himanshu Singh on Jun 13, 2014 at 03:52

Intel Corp. jumped 3.8% in extended trading after boosting its full-year revenue target.

In Asia, shares declined on Friday in morning trade after US equities slumped and oil surged amid escalating violence in Iraq.

The MSCI Asia Pacific Index lost 0.6% to 144 as of 9:49 a.m. in Hong Kong. Japan’s Topix index fell 0.7% as the yen held three days of gains before the Bank of Japan ends a policy meeting today.

South Korea’s Kospi index dropped 1%. Australia’s S&P/ASX 200 Index declined 0.8% and New Zealand’s NZX 50 Index slipped 0.6%. Singapore’s Straits Times Index fell 0.2%, while Taiwan’s Taiex index lost 0.3%. Hong Kong’s Hang Seng Index and China’s Shanghai Composite Index both retreated 0.1%.

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