Wednesday October 21, 11:27 PM
STOCKS NEWS ASIA-Shares to fall as Wall St turns negative
WELLINGTON, Oct 22 (Reuters) - Asian stocks are likely to
make a weak start on Thursday after Wall St dipped late in the
session on a sell off of financial stocks.
The main U.S. share indices closed as much as 0.9 percent
lower, dragged down late by a poor result from Boeing (NYSE: BA - news) and
after an influential analyst recommended investors sell Wells
Fargo bank.
British and European shares were up to 0.5 percent higher,
closing before the negative news hit Wall St, with banks and
energy firms gaining.
Japanese shares are expected to make a weak start, with
Nikkei (news) futures traded in Chicago 60 points below the last
closing level in Osaka.
Australian stocks are also seen opening lower, with share
index futures at 4,812, a 26.6 point discount to the
underlying S&P/ASX 200 index's close on Wednesday.
The euro broke above the $1.50 mark for the first time in 14
months, while the yen was steady, as investors expect U.S.
interest rates to lag behind rises in other markets.
Oil prices jumped nearly 3 percent to a one-year high
above $81 a barrel, on the back of data showing a sizeable fall
in U.S. inventories.
HEADLINES:
> Financials slam Wall Street; eBay drops late
> EBay (NASDAQ: EBAY - news) holiday outlook disappoints, shares drop
> Boeing posts wider loss, reaffirms 787 schedule
> U.S. czar poised to slash cash pay at seven firms
> U.S. growth engine not yet clear-Summers
> Obama to bolster U.S. small bank capital, lending
> Sterling gains strongly, euro breaks above $1.50
> Oil rises nearly 3 pct on products draw, equities
> Morgan Stanley (NYSE: MS - news) trading desk powers earnings beat
> Galleon winding down; potential buyers reported
> Killer Kraft bid seen unlikely despite Cadbury Q3
> U.S. to press China on services, ag trade, piracy
--
KEY INDEXES pct change
Bank of New York Asia ADR index -0.44
Dow Jones Industrial Average -0.92
Nasdaq Composite Index -0.59
MSCI Asia Pacific ex-Japan -0.58
Nikkei futures in Chicago 10,270
Nikkei futures in Osaka 10,330
--
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC 2.72
Siliconware -0.66
Infosys Tech -0.56
UMC 0.54
AU Optronics -1.90
Top 5 performers: pct change
Webzen (A069080.KQ - news) 9.40
Huaneng Power 6.26
Tom Online (8282.HK - news) 3.90
TSMC 2.72
China Southern 2.07
Bottom 5 performers: pct change
Chartered Semi -6.32
Mahanagar Tel -4.68
ICICI Bank -4.00
Satyam -3.88
Internet Initiative -3.78
--
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - September trade balance
HONG KONG - China Shipping Development Co Ltd
Q3 results
AUSTRALIA - Santos Sept quarter production report
- Amcor (Frankfurt: 854559 - news) annual meeting
TAIWAN - AU Optronics Q3 investor conference
STH KOREA - Hyundai Motor Q3 results
- Samsung Electro-Mechanics Q3
results
- S-Oil Q3 results
(Reporting by Adrian Bathgate)
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