rain
Friday December 14th, 2018 9:52PM

Asian shares mixed in muted trading amid growth worries

By The Associated Press
Related Articles
  Contact Editor

TOKYO (AP) — Asian shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth.

KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.2 percent to 23,414.43 in early trading, while Australia's S&P/ASX 200 inched up nearly 0.1 percent to 6,045.00. South Korea's Kospi lost 0.9 percent to 2,234.50. Hong Kong's Hang Seng added o.5 percent to 26,298.74, while the Shanghai Composite fell 0.2 percent to 2,716.91.

WALL STREET: The Dow Jones industrial average fell 56.21, or 0.2 percent, to 26,430.57, and the Nasdaq composite added 2.07, or less than 0.1 percent, to 7,738.02.

JAPAN MACHINERY: Data for Japan's machinery orders for August released Wednesday showed a robust increase, boosting optimism about the economy holding up. Core machinery orders rose a seasonally adjusted 6.8 percent from the previous month, according to the data.

GLOBAL WORRIES: The International Monetary Fund has downgraded its forecast for global economic growth in its latest report, citing higher interest rates and ongoing trade battles. The IMF said the global economy will grow 3.7 percent this year, the same as in 2017, but down from its earlier forecast of 3.9 percent. The IMF also cut its forecast for Chinese economic growth in 2019 to 6.2 percent, which would be its slowest since 1990.

THE QUOTE: "This has weighed on risk sentiment amid worsened relations between China and the U.S. over hardware hack allegations," said Zhu Huani at Mizuho Bank in Singapore, referring to the IMF report. "Increasing degree of distrust between the two could further complicate already frosty trade talks." ENERGY: U.S. crude fell 30 cents to $74.66 a barrel. Brent crude, the international standard, dropped 17 cents to $84.83 a barrel.

CURRENCIES: The dollar slipped to 113.03 Japanese yen from 113.21 yen late Tuesday. The euro rose to $1.1511 from $1.1437.

___

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

On Instagram at https://www.instagram.com/yurikageyama/?hl=en

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Financial Markets
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Asian shares mixed in muted trading amid growth worries
Asian shares are mixed in muted trading amid continuing worries about trade tensions and slowing global economic growth
11:01PM ( 15 minutes ago )
The Latest: Swift wins at AMAs, encourages fans to vote
Taylor Swift won artist of the year at the American Music Awards
10:57PM ( 19 minutes ago )
The Latest: Haley departure raises question about Trump team
U.N. Ambassador Nikki Haley's abrupt announcement that she is resigning has raised fresh questions about President Donald Trump's team
10:22PM ( 54 minutes ago )
Associated Press (AP)
Trump rally crowd chants 'Lock her up!' about Sen. Feinstein
Chants of "Lock her up!" rang once again through an Iowa arena as President Donald Trump rallied supporters
9:28PM ( 1 hour ago )
In boon for farmers, Trump lifts restrictions on ethanol
Trump lifts summertime restrictions on higher blends of ethanol in gasoline to benefit farm states
9:19PM ( 1 hour ago )
Whitefish Energy gets US contracts after Puerto Rico ouster
A year after losing a $300 million no-bid contract to restore Puerto Rico's hurricane-shattered electric grid, Whitefish Energy Holdings has quietly been seeking and winning U.S. government contracts
7:41PM ( 3 hours ago )
AP Business
US stock indexes mixed as interest rates take a pause
U.S. stock indexes ended Tuesday nearly where they began, as interest rates let off the accelerator following their sharp rise last week
4:51PM ( 6 hours ago )
One of oldest coal companies in US files for bankruptcy
One of the oldest coal companies in the U.S. has filed for bankruptcy to deal with its steep debt amid declining world demand
3:41PM ( 7 hours ago )
US stock indexes waffle as Treasury yields inch lower
Stock indexes turned higher in midday trading on Wall Street Tuesday as technology companies and other sectors recovered some of the sharp losses caused by last week's rapid rise in interest rates.
3:00PM ( 8 hours ago )
AP Business - Economy
World stocks slide after IMF trims economic outlook
World stocks mixed as IMF trims economic outlook with rising interest rates, trade tensions
7:40AM ( 15 hours ago )
World stocks mixed after IMF trims economic outlook
World stocks mixed as IMF trims economic outlook with rising interest rates, trade tensions
5:06AM ( 18 hours ago )
Asian stocks fall after IMF downgrades economic outlook
Asian stocks retreat as IMF downgrades economic outlook
2:40AM ( 20 hours ago )
AP Business - Financial Markets
The Latest: Swift wins at AMAs, encourages fans to vote
Taylor Swift won artist of the year at the American Music Awards
10:57PM ( 19 minutes ago )
The Latest: Haley departure raises question about Trump team
U.N. Ambassador Nikki Haley's abrupt announcement that she is resigning has raised fresh questions about President Donald Trump's team
10:22PM ( 54 minutes ago )
Stolen Stradivarius found after decades comes to life again
The Stradivarius stolen from violinist Roman Totenberg and found decades later has a new life
10:07PM ( 1 hour ago )
APNewsBreak: Chilling call made to wife of ex-Interpol boss
The wife of the former Interpol president who disappeared in China says she received a threatening phone call warning of agents coming for her
10:06PM ( 1 hour ago )
Limo driver's family believes he was given an unsafe vehicle
Relatives of the limousine driver involved in a deadly crash in upstate New York say they believe he was unwittingly assigned an unsafe vehicle
10:03PM ( 1 hour ago )