{"id":24160,"date":"2014-08-29T04:50:15","date_gmt":"2014-08-28T20:50:15","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=24160"},"modified":"2014-08-28T22:53:59","modified_gmt":"2014-08-28T14:53:59","slug":"shares-mostly-higher-in-asia-following-standard-poors-500-index-close-above-2000-points","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/08\/29\/shares-mostly-higher-in-asia-following-standard-poors-500-index-close-above-2000-points\/","title":{"rendered":"Shares mostly higher in Asia following Standard & Poor\u2019s 500 index close above 2,000 points"},"content":{"rendered":"

\"shutterstock_70818109\"<\/a><\/p>\n

TOKYO\u2014Asian stock markets were mostly higher Wednesday after the latest record close for the Standard & Poor\u2019s 500, though gains were modest and Japan and Hong Kong lost ground after early advances.<\/p>\n

Keeping score<\/h6>\n

Japan\u2019s Nikkei 225 fell 0.3 per cent to 15,480.72 by early afternoon and Hong Kong\u2019s Hang Seng lost a smidgen to 25,067.18. South Korea\u2019s Kospi added 0.2 per cent to 2,071.53 while Australia\u2019s S&P\/ASX 200 was steady at 5,638.10. Benchmarks in mainland China, India, Taiwan and\u00a0Southeast Asia\u00a0were higher.<\/p>\n

Spillover<\/h6>\n

The S&P 500\u2019s 0.1 per cent gain to a record close of 2,000.02, supported by strong U.S. consumer confidence data, provided upward momentum ahead of the release of key economic data in Japan later this week. The Dow Jones industrial average also closed higher Tuesday, gaining 0.2 per cent to 17,106.70.<\/p>\n

Analyst take<\/h6>\n

Investors remain cautious over the outlook for China and Japan, the world\u2019s second and third-largest economies. \u201cThere is more noise about weak lending in August, which would mean the second straight month of poor credit expansion\u201d in China, Dariusz Kowalczyk of Credit Agricole said in a research note. \u201cThis bodes ill for third-quarter growth, given that government stimulus is directed mainly through infrastructure spending, which is funded by lending.\u201d<\/p>\n

Europe<\/h6>\n

Investors took heart from the U.S. gains, moderating geopolitical tensions and dovish comments by the European central bank governor, Mario Draghi, indicating more stimulus is in the pipeline. Germany\u2019s DAX rose 0.8 per cent Tuesday and France\u2019s CAC-40 added 1.2 per cent. Britain\u2019s FTSE 100 gained 0.7 per cent after being closed Monday for a holiday.<\/p>\n

Currencies<\/h6>\n

The dollar dropped to 104.01 yen from 104.10 yen late Tuesday. The euro slipped to $1.3160 from $1.3169.<\/p>\n

Energy<\/h6>\n

Benchmark U.S. crude for October delivery was up 3 cents at $93.89 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 51 cents to close at $93.86 on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO\u2014Asian stock markets were mostly higher Wednesday after the latest record close for the Standard & Poor\u2019s 500, though gains …<\/p>\n","protected":false},"author":44,"featured_media":24161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-24160","post","type-post","status-publish","format-standard","has-post-thumbnail","category-stock-markets","mauthors-elaine-kurtenbach","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/24160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=24160"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/24160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/24161"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=24160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=24160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=24160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}