Sunday, May 28, 2017 12:29:29 AM - Markets closed
VN-INDEX 743.41 +1.50/+0.20%
HNX-INDEX 93.69 +0.22/+0.23%
UPCOM-INDEX 57.64 +0.25/+0.43%
Asia stocks slip amid North Korea concerns, dollar up on Mnuchin comments
Source: Reuters - 4/18/2017 9:51:00 AM
 (0 ratings. You must sign in to rate.)
Asian stocks pulled back in early trade on Tuesday, while the dollar bounced back from a five-month low after the U.S. Treasury Secretary's comments supported a stronger currency, although escalating tensions over North Korea capped gains.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.15 percent lower.

Japan's Nikkei .N225 jumped 0.8 percent, its biggest one-day gain in three weeks, thanks to a weaker yen.

Australian shares slipped 0.8 percent on their first trading day this week.

South Korea's KOSPI .KS11 climbed 0.1 percent.

Markets are awaiting data on Chinese home prices in March and South Korea's producer price index, as well as minutes from the Reserve Bank of Australia's April meeting.

U.S. housing starts and building permits for March, as well as industrial production, are also due later in the session.

Following North Korea's failed missile launch on Sunday, tensions have escalated amid concerns that the isolated state may soon test another nuclear bomb or missile.

U.S. Vice President Mike Pence warned North Korea on Monday that recent American military strikes in Syria and Afghanistan showed President Donald Trump's resolve should not be questioned, but Pyongyang vowed to continue its tests.

While praising China for stepping up efforts to rein its neighbor and ally, Pence and South Korea's acting president, Hwang Kyo-ahn, said they would proceed with the early deployment to South Korea of the U.S. THAAD missile-defense system, in spite of China's objections.

"It seems the focus is now firmly on future missile tests from North Korea and whether any future tests will actually be successful," Chris Weston, chief market strategist at IG in Melbourne, wrote in a note. "One suspects the concerns in North Korea have further to play out."

Despite these tensions, Wall Street posted its first session of gains in four, as investors turned their attention to first-quarter corporate earnings. Goldman Sachs (GS.N) is among companies due to report this week. All three major indexes .DJI .SPX .IXIC advanced about 0.9 percent overnight.

The dollar edged higher after U.S. Treasury Secretary said he saw the currency's strength over the long term as a positive, although he agreed with Trump's view that it hurts exports in the short term.

The dollar index .DXY, which tracks the greenback against a basket of trade-weighted peers, rose 0.1 percent to 100.38.

The dollar gained 0.2 percent to 109.15 yen JPY= in early trade on Tuesday. It hit its lowest level since Nov. 15 on Monday.

Japanese Finance Minister Taro Aso and Pence are due to meet later on Tuesday, with issues including trade, currencies, energy and infrastructure likely to be discussed.

"For dollar/yen, the main focus will be on what kind of pressure the United States could apply on Japan as basically U.S. trade policy is linked with a policy for a weaker dollar," said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.

"The yen cannot simply continue weakening along with higher stocks under such conditions," he said.

The euro EUR=EBS was steady at $1.0639, retaining Monday's 0.25 percent gain.

In commodities, oil prices inched up after sliding on Monday on rising U.S. production and as investors took profits after three straight weeks of gains.

U.S. crude CLc1 added 0.1 percent to $52.69 a barrel, after falling 1 percent on Monday, its biggest decline in almost a month.

Gold XAU= retreated 0.15 percent to $1,282.24 an ounce early on Tuesday on the dollar's strength.


Newer News
28/04 Dollar index edges up, but poised for losing month
28/04 Oil prices face second weekly loss as oversupply lingers
28/04 Asian stocks tick up, euro subdued as ECB maintains easing bias
26/04 Oil falls on bulging U.S. crude inventories, record global supplies
26/04 Asian stocks hover near two-year highs on U.S. optimism, euro steady
25/04 Euro pauses after rally, Canadian dollar hit by U.S. duties on lumber
25/04 Asia stocks, euro steady as markets pause for breath after French election
21/04 Oil markets remain cautious on record supplies
21/04 Asian stocks climb, euro surrenders gains as French election jitters return
20/04 Dollar edges away from recent lows with French vote in focus
Older News
14/04 Asian shares, Korean won head south on geopolitical worries
13/04 Dollar slumps broadly after Trump says currency 'getting too strong'
13/04 OPEC sees rivals' oil output rising as it over-delivers on cuts
13/04 Trump comments, North Korea fears sink dollar, bond yields, stocks choppy
07/04 Dollar slips vs yen after U.S. launches missile strike on Syria
31/03 IEA says oil prices will not jump sharply, despite OPEC supply cuts
31/03 Dollar edges up, on track for weekly gains
31/03 Asia stocks mixed after strong Wall Street, dollar gains on U.S. data
30/03 Oil stable on falling Libyan output, but bloated U.S. market still weighs
30/03 Asia shares creep up to near two-year peak, dollar firms
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:01:53 PM
VN-INDEX 743.41 +1.50/+0.20%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.