7,523 violators of residency, labor, and border security laws deported in a week    Video contradicts Israeli army account of deadly March 23 strike on Gaza paramedics    Saudi Arabia spends over $241 million to implement de-mining projects in 3 countries    Italy's Meloni government approves controversial security decree expanding police protections and penalties    Egypt submits new Gaza ceasefire and prisoner exchange proposal: Report    'Everything is possible' — Ronaldo focused on titles, not 1,000-goal milestone after Riyadh Derby win    Saudi, US military leaders discuss enhanced defense cooperation in Riyadh    King Salman Global Academy for Arabic Language launches program with Indiana University    Ronaldo brace powers Al Nassr past Al Hilal in Riyadh derby thriller    Ed Sheeran weaves Persian music into new song, Azizam    Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate market    Saudi Crown Prince, Iranian president discuss regional developments in Eid phone call    Veteran Bollywood actor Manoj Kumar dies at 87    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Asian Stocks Lower on Greek Impasse
Published in Saudi Press Agency on 05 - 06 - 2015

Most Asian stock benchmarks traded lower Friday as investor sentiment was dented by an impasse between Greece and its creditors, as AP reported.
KEEPING SCORE: Tokyo's Nikkei 225 fell 0.4 percent to 20,404.22 and South Korea's Kospi was down 0.2 percent to 2,067.89. Hong Kong's Hang Seng dropped 0.7 percent to 27,354.50 and Australia's S&P/ASX 200 slipped 0.6 percent to 5,470.90. Southeast Asian benchmarks were also mostly lower but the Shanghai Composite Index in mainland China added 0.4 percent to 4,963.90.
ANALYST'S TAKE: "Greek debt negotiations at crunch point and data on U.S. jobs and China's trade to be released ... a safety first approach seems logical," said Ric Spooner, chief market analyst at CMC Markets.
GREEK UNCERTAINTY: Greek Prime Minister Alexis Tsipras and the head of the European Union's executive arm held talks stretching into early Thursday yet failed to yield an agreement to release vital loans. Later Thursday, Greece told the International Monetary Fund that it would postpone a payment due Friday and bundle it together with three other payments at the end of the month. Greece's decision illustrates how much it is struggling to meet its financial obligations without rescue, and the possibility that Greece could default on its debts and become the first country to drop the euro currency made investors nervous.
AMERICAN JOBS: Investors were also cautious ahead of the release of the U.S. government's monthly jobs report that may provide hints on the health of the world's biggest economy. Economists predict that employers added 227,500 jobs in May and the unemployment rate will hold steady at 5.4 percent.
WALL STREET: The Standard & Poor's 500 index lost 18.23 points, or 0.9 percent, to finish at 2,095.84. The Dow Jones industrial average fell 170.69 points, or 0.9 percent, to 17,905.58 and the Nasdaq composite lost 40.11 points, or 0.8 percent, to 5,059.12.
ENERGY: Benchmark U.S. crude added 9 cents to $58.09 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.64 to close at $58.00 a barrel on Thursday on expectations that OPEC will decide to keep its output high at its Friday meeting in Vienna. Brent crude, a benchmark for international oil used by many U.S. refineries, rose 4 cents to $62.07 in London.
CURRENCIES: The euro rose to $1.1218 from $1.1195. The dollar dipped to 124.44 yen from 124.45 yen.


Clic here to read the story from its source.