Asian stocks slip amid thin trading

Asia share news

Asian stock markets slipped Friday in holiday-thinned trading as investors shied away from risky assets before the release of Chinese economic data and a Fed policy meeting, and as fears loomed that Britain could vote to leave the European Union.


Japan's benchmark Nikkei 225 index lost 0.6 percent to 16,561.79 while South Korea's Kospi dipped 0.4 percent to 2,016.17. Hong Kong's Hang Seng shed 0.5 per cent to 21,203.52 and Australia's S&P/ASX 200 slid 1.1 percent to 5,301.50. Singapore's benchmark fell but in Indonesia and Philippines they rose. Markets were closed in mainland China and Taiwan for a holiday.

Major US benchmarks ended slightly lower, with the Dow Jones industrial average edging 0.1 percent lower to 17,985.19. The S&P 500 index lost 0.2 per cent to 2,115.48 and the Nasdaq composite declined 0.3 percent to 4,958.62.



US crude shed 11 cents to $50.45 a barrel in New York. Brent crude, the benchmark for international oil prices, fell 9 cents to $51.86 a barrel in London.

The dollar rose to 107.16 yen from 107.05 yen in late trading Thursday. The euro dropped to $1.1298 from $1.1310, according to a news agency report.

-SRS-



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