Asian shares, Korean won head south on geopolitical worries

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Saturday, April 27, 2024 4:13:22 AM - Markets open

VN-INDEX

1,209.52

+4.55/+0.38%

HNX-INDEX

226.82

-0.75/-0.33%

UPCOM-INDEX

88.76

+0.43/+0.49%

Asian shares, Korean won head south on geopolitical worries

Reuters - 4/14/2017 10:31:52 AM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

Japanese and South Korean shares headed lower while the won came under pressure on Friday, hurt by rising geopolitical tensions in the Korean peninsular in otherwise holiday-thinned trade.

Investors were spooked by worries North Korea may conduct a nuclear test or conduct other actions that could provoke neighboring countries as early as this weekend.

News that the United States dropped "the mother of all bombs", the largest non-nuclear device it has ever unleashed in combat, in Afghanistan on Thursday only soured investor mood further.

Japan's Nikkei .N225 dipped 0.1 percent while South Korea's Kospi .KS11 dropped 0.4 percent. In China's mainland, Shanghai shares were down 0.1 percent .SSEC.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.4 percent, though many markets in the region, including Australia, Singapore and Hong Kong, are closed for the Good Friday public holiday.

"There's been nothing to cheer about over the last 24 hours. Geopolitical tensions seem to be rising all over the place," said Masahiro Ayukai, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

In the currency market, the won fell 0.8 percent KRW=KFTC.

The Japanese yen was little changed at 109.12 yen per dollar, off its five-month high of 108.73 to the dollar touched on Thursday.

The dollar has also been undermined by comments from U.S. President Donald Trump earlier this week that the greenback is getting too strong and that he would like to see interest rates remain low.

The benchmark U.S. Treasury yield skidded to its lowest levels since November on Thursday, after Trump told the Wall Street Journal that he favored low interest rates.

U.S. stock and bond futures are not traded for market holiday on Good Friday.

Newer News
09/12	Measures needed to help SMEs tap ASEAN market: seminar
24/08	Upstream oil businesses profit from higher rents and limited supplies
06/03	Taxing second homes must be studied carefully: experts
21/09	Central banks set to hit peak rates at faster pace
23/03	Policymakers fear high inflation and unemployment
17/03	Current global inflation a worrisome situation
26/01	ASEAN+3 economic prospects positive in 2022
30/12	Cryptocurrency continues to be attractive investment channel next year
13/08	Biden, Harris vow to 'rebuild' America post-Trump
05/01	Game-changing strategy for smart manufacturers

Older News
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
28/03	Dollar limps away from multi-month lows, still seen vulnerable

Newsletter Signup

Top Stories

	Businesses concerned about rising exchange rate pressure
	Gold bar auction to be resumed after 11 years of suspension
	PM Chính requires strengthened gold market management
	Bank shareholders to receive high dividends, stock bonuses
	Shares sustain gains on strong investor confidence