Asian shares slip as global rally eases off the accelerator
Asian Shares were mostly lower on Thursday after another day of wobbly trading on Wall Street as markets eased off the accelerator following their big rally.
- Japan’s Nikkei 225 shed 0.4% to 22,365.00.
- The Hang Seng in Hong Kong also fell 0.4%, to 24,385.84.
- South Korea’s Kospi slipped 0.5% to 2,130.52.
- India’s Sensex edged 0.2% higher to 33,567.50.
- The Shanghai Composite index gained 0.2% to 2,941.64 after the central bank reportedly conducted market operations to inject cash ahead of mid-year settlements.
- A barrel of U.S. crude oil for delivery in July slipped 33 cents to $37.63 per barrel in electronic trading on the New York Mercantile Exchange. It gave up 42 cents to settle at $37.96 on Wednesday.
- Brent crude, the international standard, slipped 16 cents to $40.55 per barrel.
- In currency trading, the dollar bought 106.83 Japanese yen, down from 106.97 yen on Thursday.
- The euro edged higher to $1.1252 from $1.1243.