asian markets mostly down shaken
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

By quake, euro

Asian markets mostly down shaken

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Asian markets mostly down shaken

Mario Draghi says the European Central Bank
Hong Kong - Arab Today

Asian markets were mostly down Friday ending three days of gains as the euro hit its lowest level in six months and a strong earthquake in Japan left investors rattled.

The euro fell lower than the levels seen after Britain's shock decision to leave the European Union in June, following the ECB's Thursday announcement that it would maintain the size and scope of its bond-buying programme.

Players were watching closely to see if ECB chief Mario Draghi would hint at an extension -- or a winding down -- of the drip feed stimulus, with growth and inflation still lacklustre.

But with no immediate policy change on the cards, traders are now looking to the next meeting in December.

A six-month extension to the ECB's stimulus scheme, which is currently set to end in March 2017, is widely expected then.

"It's a double-whammy from the ECB meeting," Matt Simpson, a senior market analyst at ThinkMarkets in Singapore, told Bloomberg. 

"Draghi didn't talk tapering and suggested easing in December. That's got traders pricing in a weaker euro."

European stocks firmed in opening deals Friday, after ticking higher the day before on the ECB's news, with Frankfurt and Paris ending flat and London adding 0.1 percent, buoyed by takeover activity in the tobacco industry.

- Rattled by quake -

Asian markets started the day positively as investors welcomed the ECB's promise to maintain the status quo, but weak corporate earnings dragged on sentiment.

The final hour of trading in Tokyo was rattled by a strong 6.2-magnitude earthquake, sparking yen buying, which pushed down stocks.

"As often when there is an earthquake, the yen is bought" as Japanese investors repatriate funds, said Simon Pianfetti, a senior manager at the market solutions department at SMBC Trust Bank Ltd.

Computer-controlled orders are placed fast to react to news of earthquakes measuring greater than 6.0 magnitude or so, he told Bloomberg News.

The Nikkei 225 index, which was up at the lunch break, slipped 0.30 percent, or 50.91 points, to close at 17,184.59, ending a five-day winning streak.

The Topix index of all first-section issues was down 0.40 percent, or 5.51 points, at 1,365.29.

Topix-listed Nintendo plunged Friday as investors gave the thumbs down to its long-awaited new console.

The game maker's shares dived 6.54 percent to 25,185 yen as markets reacted to a preview trailer for its new console 'Switch', seen as a key to its business as it tries to compete with Sony's hugely popular PlayStation 4.

Shanghai closed slightly higher on Friday helped by buying of selective shares, dealers said.

The benchmark Shanghai Composite Index rose 0.21 percent, or 6.48 points, to 3,090.94 on turnover of 202.0 billion yuan ($29.9 billion). It gained 0.89 percent for the week.

Singapore was also down after index heavyweight Keppel Corp -- the world's largest oil rig builder -- announced Thursday it was slashing over a quarter of jobs in its offshore and marine business.

Keppel slipped 0.13 percent on Friday.

South Korean shares fell 0.37 percent with Samsung falling nearly two percent as Apple's iPhone7 hit stores across the country.

The benchmark KOSPI was down 7.60 points to close at 2,033.00 points.

Markets in Hong Kong were closed for the day as Typhoon Haima lashed the city, forcing schools and many businesses to shut. 

- Key figures at 0800 GMT -

Tokyo - Nikkei 225: DOWN 0.3 percent at 17,184.59 (close)

Hong Kong - Hang Seng: UP 0.3 percent at 23,374.40 (Thursday close)

Shanghai - Composite: UP 0.21 percent at 3,090.94 (close)

Euro/dollar: DOWN at $1.0885 from $1.0892

Dollar/yen: UP at 103.85 yen from 103.83 yen

Pound/dollar: DOWN at $1.2239 from $1.2247 

Oil - West Texas Intermediate: DOWN $0.12 at $50.43 per barrel

Oil - Brent North Sea: UP $0.95 at $50.38

New York - Dow: DOWN 0.22 percent at 18,162.35 (close)

London - FTSE 100: UP 0.1 percent at 7,035 points

Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian markets mostly down shaken asian markets mostly down shaken

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian markets mostly down shaken asian markets mostly down shaken

 



GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 03:07 2017 Saturday ,30 September

Facebook helps UAE resident reunite with brother

GMT 22:07 2017 Monday ,25 September

Serena focused on tennis comeback

GMT 14:03 2017 Sunday ,24 December

Hurting Madrid refuse to throw in the towel - Zidane

GMT 06:27 2015 Friday ,31 July

I was paternal, it worked

GMT 11:55 2011 Friday ,10 June

Nokia names Tirri as new technology chief

GMT 22:34 2017 Saturday ,03 June

When low-tech is actually better

GMT 07:14 2013 Friday ,04 October

Spas move into wellness arena

GMT 08:00 2016 Wednesday ,07 December

Probe finds coalition 'mistake'

GMT 06:12 2018 Tuesday ,23 January

Instagram, Google+ join EU group

GMT 14:56 2017 Monday ,06 March

China vows blue skies

GMT 11:59 2017 Thursday ,26 October

Lobna underlined importance of coral stone

GMT 08:14 2017 Tuesday ,29 August

Japan's 'iron lady' Date to quit game at 46

GMT 01:17 2016 Tuesday ,14 June

McDonald's moves into Oprah's old home

GMT 19:33 2011 Sunday ,30 October

Al Futtaim Honda makes up for delivery disruptions

GMT 20:38 2016 Tuesday ,15 November

More violence in Syria as 23 killed
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice