Mar 3, 2014
Asian Markets at Close Report March 3, 2014: Asia shares fall on Ukraine jitters; China bucks trend - CNBC.
Will property be China's next bout of anxiety?
Blue-chip miners BHP Billiton lost 2.6 percent as it traded ex-dividend and rivalsRio Tinto and Whitehaven Coal dropped more than 1.5 percent respectively. Blue-chip miners BHP Billiton lost 2.6 percent as it traded ex-dividend and rivalsRio Tinto and Whitehaven Coal dropped more than 1.5 percent respectively.
Banking stocks traded in the red all day with Macquarie Group taking the chunk of losses with a 1.7 percent decline.
Transpacific Industriescapped the bourse's losses with a 0.5 percent gain after announcing it will sell its New Zealand waste management business to Beijing Capital Group.
(Read more: Is Australia's stock market getting lopsided?)
Gold stocks benefited from investors who bought into the safe-haven precious metal. Newcrest Mining surged 6 percent.
Meanwhile, the Australian dollar slipped to a one-month low as investors bid up safe haven currencies like the yen and Swiss Franc on geopolitical tensions. TheAussie traded at 0.8888 against the greenback.
Seoul drops 0.8%
A downbeat mood shrouded South Korean shares which posted their worst daily fall in nearly a month on Monday.
Its currency similarly undertook a beating on Ukraine tensions and soft economic readings from China. The won touched a one-week low to trade at 1070 against the greenback.
Blue-chip stocks weighed on the bourse; Samsung Electronics and Posco each saw a hefty loss of nearly 2 percent.
(Read more: Asia's biggest growth engines are in top gear)
Are markets not worrying enough?
While Asian markets saw a selloff on Monday, V. Anantha Nageswaran, CEO at Vansight, says the extent of declines indicate that markets are 'not worried enough' about Ukraine and weak China economic data.price stability in Asia's fourth-largest economy.
Hogging headlines for the day was a Reuters report that North Korea fired two additional short-range missiles into the sea early Monday. This allowed defense stocks to outperform the lackluster bourse. Speco rose 0.7 percent while Victekadded 0.2 percent.
Kia Motors also outperformed with a gain of over 1 percent, on news that its February sales went up by an annual 18 percent.
Meanwhile, South Korea's president nominated a former senior deputy chief of the central bank to be its next governor, with the mission of Whilmarkets China economic data.price stability in Asia's fourth-largest economy.ensuring price stability in Asia's fourth-largest economy.
WSJ | India Update March 3, 2014: Top India Stories From WSJ: Taqa Group to Buy Indian Power Plants for $1.6 billion.
INDIA REAL TIME
Latest Post Published
Asia-Pacific Markets at Close Report on Friday 16, April 2021: Asia-Pacific Markets EDdge Higher Awaiting to the Release of Chinese Economic Data.
ASIA-PACIFIC MARKETS cnbc.com Asia-Pacific stocks edge up as China's first quarter GDP print slightly misses expe...
Analysis | The Cybersecurity 202: How the shutdown could make it harder for the government to retain cybersecurity talentBy Joseph Marks 13-17 minutes THE KEY President Trump delivers an address about border security ...
Democrats call for investigation into Trump’s iPhone use after a report that China is listening:Analysis | The Daily 202 I The Washington Post.washingtonpost.com By James Hohmann _________________________________________________________________________________ Pr...
Morning Market Briefing Thu May 13 09:01 2010 Commentary May 13, 2010 Stocks Poised For Lackluster Open Amid Mixed Market ...