AI
Friday, December 04, 2015 1:49:01 AM
Asian stocks sank Friday, extending a sell-off in world markets after Europe's central bank unveiled plans to stimulate the continent's ailing economy that fell short of investor expectations.
KEEPING SCORE: Japan's Nikkei 225 dropped 2.3 percent to 19,475.86 and South Korea's Kospi lost 0.8 percent to 1,979.06. Hong Kong's Hang Seng shed 1 percent to 22,190.97 and the Shanghai Composite Index in mainland China dropped 1 percent to 3,547.81. Australia's S&P/ASX 200 retreated 1.5 percent to 5,151.60. Benchmarks in Taiwan and Southeast Asia also lost ground.
CURRENCIES: The dollar was flat at 122.53 yen. The euro edged up to $1.0940 from $1.0939 after jumping 3 percent on yesterday's news.
ENERGY: Oil futures rose on the weaker dollar. Benchmark U.S. crude was up 27 cents to $41.34 a barrel in electronic trading on the New York Mercantile Exchange. The contract jumped $1.14, or 2.9 percent, to close at $41.08 a barrel on Thursday in New York. Brent crude, which is used to set prices for international oils, climbed 14 cents to $43.98 a barrel in London.
http://abcnews.go.com/Business/wireStory/asia-extends-global-stock-sell-off-ecb-underwhelms-35572023
KEEPING SCORE: Japan's Nikkei 225 dropped 2.3 percent to 19,475.86 and South Korea's Kospi lost 0.8 percent to 1,979.06. Hong Kong's Hang Seng shed 1 percent to 22,190.97 and the Shanghai Composite Index in mainland China dropped 1 percent to 3,547.81. Australia's S&P/ASX 200 retreated 1.5 percent to 5,151.60. Benchmarks in Taiwan and Southeast Asia also lost ground.
CURRENCIES: The dollar was flat at 122.53 yen. The euro edged up to $1.0940 from $1.0939 after jumping 3 percent on yesterday's news.
ENERGY: Oil futures rose on the weaker dollar. Benchmark U.S. crude was up 27 cents to $41.34 a barrel in electronic trading on the New York Mercantile Exchange. The contract jumped $1.14, or 2.9 percent, to close at $41.08 a barrel on Thursday in New York. Brent crude, which is used to set prices for international oils, climbed 14 cents to $43.98 a barrel in London.
http://abcnews.go.com/Business/wireStory/asia-extends-global-stock-sell-off-ecb-underwhelms-35572023
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