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Asian stocks mixed after flat Wall Street finish

Asian stocks mixed after flat Wall Street finish
AP
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First Published: Thu, Jun 17 2010. 08 51 AM IST
Updated: Thu, Jun 17 2010. 08 51 AM IST
Tokyo: Asian stocks were mixed in early trading on Thursday amid profit-taking in Tokyo and a muted finish on Wall Street.
Japan’s Nikkei 225 stock average slipped 0.3% to 10,038.67, as investors moved to lock in gains from Wednesday’s 1.8% jump. The index finished above the key 10,000 level for the first time in almost a month.
Australia’s S&P/ASX 200 retreated 0.4% to 4,540.80. Meanwhile, Seoul’s Kospi was narrowly in positive territory, up 0.04% at 1,705.98.
Overnight in New York, the Dow Jones industrials rose 0.05% to 10,409.46 after BP’s agreement to put $20 billion into a fund for victims of the Gulf of Mexico oil spill lifted the stock market off lows. The market began the day by falling on news that home construction and applications for building permits slumped in May.
The S&P 500 fell 0.06 percent to 1,114.61, and the Nasdaq crept up 0.05% to 2,305.93.
In currencies, the dollar weakened to yen 91.23 from 91.37 late Wednesday. The euro stood at $1.2266 from $1.2299.
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First Published: Thu, Jun 17 2010. 08 51 AM IST
More Topics: Markets | Nikkei | Hang Seng | Europe | Debts |