Global World Markets Live Updates Business Today
Business Today
Global Markets
Asia stocks buffeted by China worries, North Korea nuclear test

Asian stocks fell on Wednesday as Beijing continued guiding the yuan lower and a survey pointed to weakness in China's services sector, while the Japanese yen drew support from risk aversion.

 
 
After an opening skid, the CSI300 index of the largest listed companies in Shanghai and Shenzhen rebounded to be 0.7 per cent higher.
In a reversal of one of 2015's major trends, oil shares moved higher, with the S&P energy sector up 0.34 per cent and alone among gainers.
All 10 major S&P sectors ended with gains, led by a 1.34-per cent rise in the technology sector, its strongest performance since the start of the month.
 
 
China moved to shore up shaky sentiment on Tuesday, a day after its stock indexes and yuan currency tumbled, rattling markets worldwide.
US data sparked further concern as factory activity weakened unexpectedly in December, according to the Institute for Supply Management.
"Volumes have been very light at the moment, but that has seemingly been positive news for markets across the region," he said.
MSCI's broadest index of Asia-Pacific shares outside Japan were effectively unchanged, and looked set for a loss of around 12 per cent for the year.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent after US stocks posted their third straight session of gains.
Wall Street has been closely correlated with energy prices in recent weeks as crude has extended a 1-1/2-year slide this month and plumbed fresh multi-year lows.
Advertisement