Asia stocks dip for sixth straight day
Asian stocks slipped for a sixth straight day on Thursday as investors cut exposure to risky assets on signs the global economy is losing steam, even as oil prices and the high-yielding Australian dollar pushed higher.
Early losses in stocks were mild following a dip on Wall Street, with Japan’s Nikkei average and South Korea’s KOSPI both losing 0.1%.
The Federal Reserve’s beige book summary of economic conditions confirmed that the economy slowed in May due to higher gasoline prices and the supply chain disruptions following Japan’s earthquake and tsunami in March.
But the report, prepared for the Fed’s next policy meeting later this month, gave few indications of a sharp slowing, with some regions citing ongoing improvement in the job market and even a pick up in economic growth. Fore more visit: Business Standard
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
