Please try another search
Investing.com - Shares in Asia drifted lower on Thursday in cautious sentiment on economic growth prospects.
The S&P ASX/200 fell 0.49%, while the Nikkei 225 was down 0.15%.
The Shanghai Composite Index fell 0.53%, while Hong Kong's Hang Seng index was last down 0.35%.
In Japan, the adjusted current account for April came in at a surplus of ¥1.89 trillion, narrower than a surplus of ¥1.90 trillion seen. Of note, foreign investments in Japanese stocks fell ¥434.6 billion in April, while bond purchases by foreigners reached ¥270.3 billion.
Also in Australia, MI inflation expectations edged down to 3.2% from 3.6%.
The yuan rose against the U.S. dollar on Thursday after the People's Bank of China set the fixing stronger for a second consecutive day at 6.4959 compared with 6.5209 previously, the biggest daily increase since a gain of 0.56% on April 29.
Overnight, U.S. stocks fell sharply on Wednesday, erasing considerable gains from the previous session, as major declines in Macy’s Inc (NYSE:M) shares triggered a sell-off in the retail sector and a disappointing session by Walt Disney Company (NYSE:NYSE:DIS) weighed on the Dow Jones Industrial Average.
The Dow lost 217.23 or 1.21% to 17,711.12, while the NASDAQ Composite index fell 49.19 or 1.02% to 4,760.69, halting a three-day winning streak.
The S&P 500 Composite index dropped 19.93 or 0.96% to 2,064.46, as nine of 10 sectors closed in the red. Stocks in the Consumer Services, Financials and Health Care industries lagged, each falling more than 1% on the session. Stocks in the Utilities sectors led, moving fractionally higher.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.