Asian shares edge off 7-years highs
28 April 2015, Nirapad News: Asian stocks pulled back from a seven-year peak scaled on Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan was down about 0.5 per cent after earlier touching its highest level since January 2008. Japan’s Nikkei stock index advanced 0.4 per cent. Chinese shares fell on Tuesday.
The CSI300 index fell 0.6 per cent, to 4,780.88 points at the end of the morning session, while the Shanghai Composite Index lost 0.3 per cent, to 4,512.76 points. Hong Kong shares also fell. The Hang Seng index dropped 0.1 per cent, to 28,407.31 points, while the Hong Kong China Enterprises Index lost 0.2 per cent, to 14,717.89.
Australian shares fell. The S&P/ASX 200 index fell 0.6 per cent or 34.2 points to 5948.5 by the close of trade. New Zealand’s benchmark, NZX 50 index edged up 4.2 points or 0.1 per cent to 5769.7.
The euro was in focus overnight, climbing to a three-week peak of $1.0927. It last stood at $1.0887, down about 0.1 per cent on the day. Brent was down about 1 per cent at $64.19 a barrel, while US crude shed about 1.2 per cent to $56.33.