Asian stocks higher after Wall Street case, Brexit approval
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A visitor goes ahead of private stock trading cards at a private equity market gallery in Kuala Lumpur, Malaysia, Thursday, November 15, 2018. Most Asian stock markets went down Thursday after Wall Street fell for a fifth day and the UK Cabinet approved a draft agreement about leaving the EU. lessA visitor passes private equity trading cards at a private equity market gallery in Kuala Lumpur, Malaysia, Thursday, November 15, 2018. Most Asian stock markets went down Thursday after Wall Street fell … more [19659006] Photo: Yam G -Jun, AP
A visitor goes ahead of private stock trading cards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, November 15, 2018. Most Asian stock markets went down Thursday after Wall Street fell for a fifth day and the UK Cabinet approved a draft agreement to leave the EU. lessA visitor goes ahead of private stock trading cards at a private equity market gallery in Kuala Lumpur, Malaysia, Thursday, November 15, 2018. Most Asian stock markets went down Thursday after Wall Street fell … more
] Photo: Yam G-Jun, AP
BEIJING (AP) – Most Asian stock markets achieved Thursday after Wall Street dropped, and the UK Cabinet approved a draft agreement to leave the EU.
HOLDING SCORE: Shanghai Composite Index rose 1 percent to 2 659.12 and Hong Kong Hang Seng made 1 percent to 25 907.26. Tokyo Nikkei 225 cast 0.2 percent to 21,803.62 and Seoul's Kospi advanced 0.4 percent to 2,077.41. Sydneys S & P-ASX 200 scored 3 points for 5,736.00. India Sensex increased 0.4 percent to 35.286.91. Bangkok and New Zealand retreated while Taiwan and other Southeast Asian markets rose.
WALL STREET: US markets were pulled down by losses for technology companies, banks and insurance companies. Apple Inc. lost 2.8 percent. Bond prices rose as traders shifted money into low-risk assets. The deducted return, which hurts by running the interest rate on loans lower. Energy stocks recovered as crude oil snapped a 12-day tapestry. Standard & Poors 500 Index fell 0.8 percent to 2,701.58. Dow Jones Industrial Average lost 0.8 percent to 25,080.50. The Nasdaq composite dropped 0.9 percent to 7.136.39.
BREXIT: Prime Minister Theresa May took over the British government to get an agreement to separate from the EU and trigger the last steps towards Brexit. Can say that the decision is a "decisive step" towards the conclusion of the agreement with the EU within days, although it was unclear whether Parliament would go together. The agreement would allow Britain to be in a customs union, bound by EU rules, while the two sides negotiate a trade agreement. EU chief negotiator Michel Barnier said the two sides agreed to avoid a "hard border" between Ireland, a member of the trading block and Northern Ireland.
ANALYSIS'S TAKE: "Despite the UK cabinet supporting the new Brexit draft plan, the increase for the markets had been short-lived with the sea of concern overriding sentiment," Jingyi Pan of IG said in a report. Asian markets are "taking after poor leaders from Wall Street" because of "small data" coming out in the region.
AUSTRALIAN JOBS: Government data showed that employment increased by 32,800 in October, above market expectations for a gain of 20,000. The unemployed rate remained at 5 percent. The annual unemployment rate increased to 2.5 per cent.
ENERGY: Benchmark US commodities lost 12 cents to $ 56.13 per barrel in electronic commerce on the New York Mercantile Exchange. The contract rose 56 cents on Wednesday to close at $ 56.25. Brent crude, which used to price international oils, fell 1 cents to $ 66.11 per barrel in London. It got 65 cents last season to $ 66.12.
CURRENCY: The dollar weakened to 113.47 yen from Wednesday's 113.63 yen. The euro strengthened to $ 1,1323 from $ 1,1309.
