Thursday, 28 June 2018

  • Asian stocks slipped on Thursday, tracking losses seen on Wall Street.
  • The U.S. will use a review committee to address concerns over foreign acquisitions of U.S. technologies.
  • Oil prices pared some overnight gains after jumping on supply concerns.

Asian stocks tracked lower on Thursday, taking cues from the losses seen on Wall Street overnight as financial and technology stocks weighed on U.S. markets.

In Tokyo, the Nikkei 225 declined 0.66 percent. Over in Seoul, the Kospi saw a similar level of losses, with the index trading lower by 0.65 percent in morning trade. The S&P/ASX 200 slipped 0.22 percent, with most sectors in negative territory. The energy subindex, however, rose 1.26 percent. The 30-stock Dow Jones Industrial Average declined 0.58 percent, or 165.52 points, to close at 24,117.59.

In currencies, the dollar index, which tracks the greenback against a basket of currencies, traded at 95.264.The People’s Bank of China set the Yuan reference rate at 6.5960 vs previous day’s fix of 6.5569.

On the energy front, oil prices pared some gains after advancing on Wednesday. U.S. crude futures slipped 0.41 percent to trade at $72.46 per barrel after settling more than 3 percent higher in the last session. Brent crude futures edged down by 0.28 percent to $77.40.

Source : Reuters

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