jeudi 16 avril 2015
Asian shares at fresh seven-year high, look past weak U.S. data
Posted on 22:18 by nice news
An index of Asian shares edged away from fresh seven-year highs on Friday but was still on track to score weekly gains, while the dollar languished after lackluster U.S. economic data made a near-term interest rate hike appear less likely.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped slightly after earlier touching its highest level since January 2008, but was still on track for a weekly gain over 1 percent.
Hong Kong's Hang Seng index .HSI rose 0.3 percent, approaching this week's seven-year highs triggered by inflows from mainland investors. The Shanghai Composite Index .SSEC was up 2.2 percent.
Japan's Nikkei stock average .N225 slipped 0.5 percent, poised for a weekly loss around 0.6 percent. After breaking the 20,000 level for the first time in 15 years a week ago, the Nikkei has wobbled below it, with investors wary of Japanese corporate earnings reports slated for release from next week.
"Even though investors expect companies to post big profits at the end of the financial year, the Nikkei's moves may be contained in a small range after companies' modest guidance," said Masayuki Kubota, chief strategist at Rakuten Securities.
Wall Street ended with modest losses on Thursday amid worries about upcoming corporate earnings, and after another spate of uninspiring economic data.
U.S. housing starts ros
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped slightly after earlier touching its highest level since January 2008, but was still on track for a weekly gain over 1 percent.
Hong Kong's Hang Seng index .HSI rose 0.3 percent, approaching this week's seven-year highs triggered by inflows from mainland investors. The Shanghai Composite Index .SSEC was up 2.2 percent.
Japan's Nikkei stock average .N225 slipped 0.5 percent, poised for a weekly loss around 0.6 percent. After breaking the 20,000 level for the first time in 15 years a week ago, the Nikkei has wobbled below it, with investors wary of Japanese corporate earnings reports slated for release from next week.
"Even though investors expect companies to post big profits at the end of the financial year, the Nikkei's moves may be contained in a small range after companies' modest guidance," said Masayuki Kubota, chief strategist at Rakuten Securities.
Wall Street ended with modest losses on Thursday amid worries about upcoming corporate earnings, and after another spate of uninspiring economic data.
U.S. housing starts ros
Asian shares at fresh seven-year high, look past weak U.S. data
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