Asian stocks drift as Fed rate outlook eases on service data

Asian stocks drift as Fed rate outlook eases on service data

الاربعاء 1437/12/5 هـ الموافق 2016/09/07 م واس

HONG KONG, 05 Dhu-AlHijjah,1437 AH, 07 September,2016 , SPA — Asian stocks meandered Wednesday after a weak report on U.S. service companies added to expectations that the Fed won’t move anytime soon to raise interest rates, AP reported.
Japan’s benchmark Nikkei 225 index lost 0.4 percent to 17,012.44 as the latest U.S. data pushed the yen higher, hurting shares of the country’s export manufacturers. South Korea’s Kospi fell 0.2 percent to 2,061.88 and Hong Kong’s Hang Seng dipped 0.2 percent to 23,737.10. The Shanghai Composite Index in mainland China climbed 0.2 percent to 3,097.35 and Australia’s S&P/ASX 200 rose 0.2 percent to 5,424.20.
— SPA
12:02 LOCAL TIME 09:02 GMT