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Asian stock markets drop and investors wait for new economic trend

collected by :Mathio Rix

SEOUL, South Korea (AP) — Asian stock markets were weaker on Tuesday as investors stayed on the sideline before the release of a raft of economic data due later this week.
DATA WATCH: A raft of data being released this week will give investors fresh clues about the status of the global economy.
ANALYST’S TAKE: “Asian markets are expected to continue seeing thin volumes coming through with China, Taiwan and Hong Kong markets closed for market holiday,” said Jingyi Pan, a market strategist at IG in Singapore.
KEEPING SCORE: Tokyo’s Nikkei 225 fell 0.5 percent to 19,576.19 and South Korea’s Kospi dropped 0.6 percent to 2,338.21.
ENERGY: Benchmark U.S. crude lost 4 cents to $49.76 per barrel in electronic trading on the New York Mercantile Exchange.

Weak global equities and investors wait for economic data

As it stated in Global stock markets were generally weaker Tuesday as investors stayed on the sidelines before the release of a raft of economic data later this week.
DATA WATCH: A raft of data being released this week will give investors fresh clues about the status of the global economy.
Dow futures dipped less than 0.1 percent while S&P futures fell 0.1 percent.
ENERGY: Benchmark U.S. crude lost 14 cents to $49.66 per barrel in electronic trading on the New York Mercantile Exchange.
Brent crude, the international standard, fell 43 cents to $52.21 a barrel in London.
 economic data

 

Asian stocks drop and investors wait for new economic trend

As it stated in KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose 0.2 percent to 19,726.55 and South Korea’s Kospi added 0.5 percent to 2,367.89.
GLOBAL OUTLOOK: A full slate of economic reports this week will give investors plenty to digest, beginning with Eurozone business and consumer confidence readings on Tuesday.
“Investors and trader may hold out for important reads on the world’s largest economies this week.”
Benchmark U.S. crude dipped 1 cent to $49.79 a barrel in electronic trading on the New York Mercantile Exchange.
Hong Kong’s Hang Seng dipped 0.2 percent to 25,599.94 and Australia’s S&P/ASX 200 lost 0.3 percent to 5,737.40.

 

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