This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-33769334
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Asian shares up despite weak US lead | |
(34 minutes later) | |
Asian markets traded mostly higher on Tuesday despite a lacklustre lead from Wall Street, where US stocks closed down on weak economic data. | |
US data on Monday showed weaker manufacturing activity and a modest gain in consumer spending as investors awaited the July jobs figures on Friday. | US data on Monday showed weaker manufacturing activity and a modest gain in consumer spending as investors awaited the July jobs figures on Friday. |
They could provide a key clue on the timing of when the Federal Reserve will raise interest rates. | They could provide a key clue on the timing of when the Federal Reserve will raise interest rates. |
The Nikkei traded flat at 20,535.72. | |
A stronger yen weighed on the Japanese benchmark index, because it makes its exporters less competitive overseas and lowers their profits. | A stronger yen weighed on the Japanese benchmark index, because it makes its exporters less competitive overseas and lowers their profits. |
The dollar was at 123.93 yen, down from 123.99 yen in New York overnight. | The dollar was at 123.93 yen, down from 123.99 yen in New York overnight. |
More Chinese measures | |
Chinese shares opened higher after the Shanghai and Shenzhen stock exchanges revised rules on short-selling in a bid to reduce market volatility. | |
The changes prevent short-sellers from borrowing and repaying securities on the same day, and are the latest in a series of measures to stem recent sharp losses. | |
The Shanghai Composite was up 0.9% to 3,653.92, while Hong Kong's Hang Seng index was higher by 0.2% to 24,453.34. | |
Australian shares were higher in early trade, but investors stayed on the sidelines ahead of the central bank's decision on interest rates later in the day. | Australian shares were higher in early trade, but investors stayed on the sidelines ahead of the central bank's decision on interest rates later in the day. |
The benchmark ASX 200 was up 0.8% at 5,727.1 points. | |
Economists widely expect the Reserve Bank of Australia to leave rates unchanged at a record low of 2%. | Economists widely expect the Reserve Bank of Australia to leave rates unchanged at a record low of 2%. |
In Seoul, the Kospi index was up 0.5% at 2,018.1 after closing down on Monday. |