Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Japan's Nikkei leads Asian stock declines after weak economic data

FILE - The New York Stock Exchange is shown, Tuesday, Aug. 9, 2011 file photo taken in New York. Global stock markets were muted Thursday Aug. 28, 2014 ahead of U.S. economic data and possible policy announcements from Japan.(AP Photo/Mark Lennihan, File)

Enlarge Image

FILE - The New York Stock Exchange is shown, Tuesday, Aug. 9, 2011 file photo taken in New York. Global stock markets were muted Thursday Aug. 28, 2014 ahead of U.S. economic data and possible policy announcements from Japan.(AP Photo/Mark Lennihan, File)

HONG KONG - Tokyo stocks led declines in most Asian markets on Friday after Japanese economic data showed that the region's second biggest economy is struggling to recover from a sales tax hike.

KEEPING SCORE: The Nikkei 225, the benchmark for the Tokyo Stock Exchange, fell 0.7 per cent to 15,358.35. South Korea's Kospi dipped 0.2 per cent to 2,071.22 and Hong Kong's Hang Seng was off 0.1 per cent at 24,724.45. In mainland China, the Shanghai Composite Index swung between gains and losses and was up 0.5 per cent to 2,206.23. Australia's S&P/ASX 200 edged down less than 0.1 per cent to 5,621.60. Benchmarks in Taiwan, Singapore and New Zealand also slipped.

JAPAN: The latest official monthly data showed that the world's third-largest economy remained in the doldrums despite Prime Minister Shinzo Abe's stimulus program. In July, inflation was unchanged from the previous month, real incomes slipped 6.2 per cent from a year earlier and unemployment edged higher to 3.8 per cent.

GEOPOLITICS: More economic reports are due later from Europe and the U.S. but jittery investors are watching the Ukraine conflict for signs of further escalation after the country's president reported that Russian forces had entered the country. "While a barrage of economic data is due for release tonight, the (U.S.) personal spending, inflation, wage, Chicago PMI and consumer sentiment data will likely be sidelined by developments out of Ukraine," said Desmond Chua of CMC Markets.

WALL STREET: The Dow Jones industrial average dropped 0.3 per cent to close at 17,079.57 on Thursday. The Standard & Poor's 500 fell 0.2 per cent to 1,996.74. The Nasdaq composite shed or 0.3 per cent to 4,557.69.

ENERGY: Benchmark U.S. crude rose 9 cents to $94.64 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 67 cents to settle at $94.55 on Thursday.

CURRENCIES: The dollar rose to 103.72 yen from 103.68 in late trading Thursday. The euro slipped to $1.3183 from $1.3185.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates