{"id":45877,"date":"2015-03-28T11:55:27","date_gmt":"2015-03-28T03:55:27","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=45877"},"modified":"2015-03-28T11:40:03","modified_gmt":"2015-03-28T03:40:03","slug":"asian-shares-mostly-higher-as-oil-prices-fall-back-weak-japan-data-raise-hopes-for-stimulus","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/03\/28\/asian-shares-mostly-higher-as-oil-prices-fall-back-weak-japan-data-raise-hopes-for-stimulus\/","title":{"rendered":"Asian shares mostly higher as oil prices fall back, weak Japan data raise hopes for stimulus"},"content":{"rendered":"

\"shutterstock_145944785\"<\/a><\/p>\n

TOKYO\u2014Shares were mostly higher in Asia on Friday in a rebound from losses earlier in the week. Japan reported lacklustre inflation and household spending data that reinforced expectations the central bank may opt for additional monetary stimulus to perk up sluggish growth.<\/p>\n

Keeping score<\/h6>\n

Japan\u2019s Nikkei 225 index edged 0.1 per cent higher to 19,489.96 after slipping in and out of negative territory early in the session. South Korea\u2019s Kospi was virtually unchanged at 2,022.75. Hong Kong\u2019s Hang Seng index was 0.1 per cent higher at 24,516.01 and Australia\u2019s benchmark S&P ASX\/200 gained 0.9 per cent to 5,931.00. Shares in\u00a0Southeast Asia\u00a0were mixed.<\/p>\n

Japan data<\/h6>\n

Lackluster inflation, wages and household spending data are adding to expectations that the central bank may resort to further monetary stimulus to spur growth.<\/p>\n

Wall Street woes<\/h6>\n

Conflict in the Middle East and the rapid ascent of the U.S. dollar are causing companies to pull back their profit forecasts, putting investors on edge and taking shares lower after they hit record highs earlier in the month. The Dow Jones industrial average lost 40.31 points, or 0.2 per cent, to 17,678.23, while the Standard & Poor\u2019s 500 index lost 4.90 points, or 0.2 per cent, to 2,056.15.<\/p>\n

The quote<\/h6>\n

\u201cAll eyes turn to the Middle East as conflict in Yemen stands as a stark reminder of the one-sided nature of the geo-political risks to asset markets. Higher oil and gold prices, and lower share markets, are the inevitable result of the return of risk as the potential for armed conflict escalates,\u201d Michael McCarthy of CMC Markets said in a commentary Friday.<\/p>\n

Energy<\/h6>\n

Oil prices rose sharply as mounting tensions in Yemen raised concerns that supplies of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on military installations in Yemen in an effort to oust Shiite rebels that forced the country\u2019s embattled president to flee. But prices fell back in early Asian trading. U.S. crude slipped 44 cents to $50.99 a barrel in electronic trading on the New York Mercantile Exchange. It gained $2.22, or 4.5 per cent, to close at $51.43 a barrel on Thursday. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 36 cents to $58.83 a barrel after rising $2.71, or 4.8 per cent, to $59.19 a barrel in London.<\/p>\n

Currencies<\/h6>\n

The euro edged higher, to $1.0887 from its close Thursday of $1.0880. The dollar weakened slightly against the yen, to 119.14 yen from 119.19 on Thursday. The U.S. currency has appreciated 8 per cent in the past three months, a trend that tends to make U.S.-made goods more expensive abroad.<\/p>\n

AP Business writer Ken Sweet in New York contributed to this report.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO\u2014Shares were mostly higher in Asia on Friday in a rebound from losses earlier in the week. Japan reported lacklustre …<\/p>\n","protected":false},"author":44,"featured_media":18798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-45877","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\/45877","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=45877"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/45877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/18798"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=45877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=45877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=45877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}