financeroll/news/asian-market-summary-2572014/ ASIAN MARKET SUMMARY 25/7/2014 Asian stocks markets were mainly higher on the final trading day of the week following another record finish for the S&P 500 during the night. Earnings dominated trade on Wall Street, with Face book shares soaring over 5 % following Thursday’s strong marks. But Caterpillar sank 3 % after revenue fell short of estimates. On the economic release, weekly jobless claims fell to its lowest level in almost eight years as new home sales declined 8 % in June. News that the International Monetary Fund (IMF) trimmed its global growth forecasts again on Thursday put a lid on gains. The IMF cut its forecast down to 3.4 %this year from April’s forecast for 3.7 % due to geopolitical risks over Ukraine and Iraq, as well as lowered expectations for key emerging markets. Japan’s core consumer prices rose 3.3 % in June from a year earlier as an increase in the national sales tax sustained to boost prices, data from the internal affairs ministry showed today. The raise in the core consumer price index, which excludes volatile prices of fresh food but includes oil products, coordinated the median market forecast in a Reuter’s poll of economists. It followed a 3.4 % rise in May. The benchmark S&P/ASX 200 index is down 12.2 points or 0.2 % at 5,575.6. The broader All Ordinaries index is at 5,565.7, down 11.1 points or 0.2 % from previous close. China’s Shanghai Composite was up 0.18 % or 3.84 points at 2,108.90. Japan’s Nikkei gained 0.57 %or 86.37 points at 15,370.79. Singapore’s Straits Times was down 0.14 % or 4.65 points at 3,349.24. South Korea’s Seoul Composite added 0.28 % or 5.67 points at 2,032.29. Taiwan’s Taiwan Weighted shed 0.47 %or 44.54 points at 9,483. Hong Kong’s Hang Seng was flat at 24,158.
Posted on: Fri, 25 Jul 2014 10:02:15 +0000
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