Asian shares lower following Wall Street decline

Asian shares lower following Wall Street decline

Asian shares were mostly lower on Thursday after a weak session on Wall Street, though Southeast Asian markets gained following recent rallies in oil prices. Tokyo shares fell as the yen remained at a relatively high level versus the dollar, hurting prospects for exporters’ profits.

KEEPING SCORE: Japan’s Nikkei 225 stock index fell 0.4 percent to 16,521.81, while the Hang Seng index of Hong Kong dropped 0.5 percent to 19,949.02. South Korea’s Kospi lost 0.1 percent to 1978.51 and Australia’s S&P/ASX 200 fell 0.5 percent to 5,348.00. Taiwan fell but most benchmarks in Southeast Asia rose.

WALL STREET: A rout in retail stocks pulled U.S. indexes down on Wednesday. The Dow Jones industrial average sank 217.23 points, or 1.2 percent, to 17,711.12. The Standard & Poor’s 500 index fell 19.93 points, or 1 percent, to 2,064.46. The Nasdaq composite index lost 49.19 points, or 1 percent, to 4,760.69. Read more

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