Asian markets up; Nikkei down on strong yen

India Infoline News Service | Mumbai | February 09, 2017 08:57 IST

Japanese shares are down because the yen rose against other currencies. Nikkei 225 slipped 0.19%.

Analyzing Market Algorithms
Asian stock markets are mostly higher on Thursday in cautious trades amid the ongoing political uncertainty in both Europe and the US.

Chinese markets gained due to buying in construction and cement shares, and gains in environment protection stocks as the securities regulator said it will support them to launch their initial share offerings. Shanghai Composite is trading higher by 0.39%.

Japanese shares are down because the yen rose against other currencies. Nikkei 225 slipped 0.19%.

Straits Times gained 0.71%, KOSPI, Hang Seng, Jakarta Composite and SGX Nifty are trading in a positive zone.

The Australian market slipped into negative territory after opening higher following the lackluster cues from Wall Street as well as Europe amid the ongoing political uncertainty in both Europe and the US.

The S&P 500 ended slightly higher on Wednesday as investors digested mixed earnings reports, while the Dow Jones Industrial Average slipped as bank stocks weighed.

Oil prices held firm after investors covered short positions on Wednesday. Brent crude futures settled at $ 55.16 per barrel, up 0.2%.
 

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