Comments
Most Asian shares fell on Thursday after the Federal Reserve Chairman, Mr Ben Bernanke, signalled that the recovery in the world’s biggest economy was still fragile and cautioned against sharp spending cuts.
Mr Bernanke suggested that the US economic conditions were still too weak for the central bank to pull back on its vast monetary stimulus, despite a drop in the jobless rate.
Japan’s Nikkei 225 was down 10.57 points or 0.1 per cent at 10,607.26. Hong Kong’s Hang Seng fell 185.59 points or 0.8 per cent at 22,978.44. Singapore’s Straits Times shed 22.38 points or 0.71 per cent to 3,127.18. South Korea’s Kospi was down 16.17 points or 0.79 per cent at 2,029.41.
Australia’s S&P/Asx 200 was up 4.7 points or 0.1 per cent at 4,909.50. China’s Shanghai Composite gained 21.73 points or 0.78 per cent to 2,795.80. Taiwan’s Taiex declined 86.31 points or 0.96 per cent to 8,920.51.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.