🌎 30+ NEW AI-picked stock strategies for exciting international marketsUnlock Global AI Picks

Asia stocks edge higher; Nikkei ends up 0.1%

Published 06/24/2014, 02:51 AM
Asia stocks edge higher in subdued trade

Asia stocks edge higher in subdued trade

AUD/USD
-0.91%
AXJO
0.66%
JP225
0.30%
HK50
0.91%
DE30
-0.13%
UK100
-0.03%
ESH25
0.41%
F40
0.04%
EU50
-0.21%
1YMH25
0.47%
NQH25
0.50%
SSEC
-0.05%

Investing.com - Asian stock markets edged higher on Tuesday following a mixing morning session, but gains remained limited as investors continued to monitor developments in Iraq.

During late Asian trade, Hong Kong's Hang Seng rose 0.4%, China’s Shanghai Composite inched up 0.31%, Australia’s S&P/ASX 200 closed 0.38% lower, while Japan’s Nikkei 225 ended up 0.05%.

A bloody Sunni insurgency in Iraq steered investors towards safe-haven assets like gold and away from stocks, as fears continued to persist the U.S. will become increasingly involved in the conflict, which could threaten recovery.

Iraqi Prime Minister Nuri al-Maliki has agreed to a July 1 deadline to create a new government, a step required by Washington if Baghdad receives U.S. assistance in battling the insurgents.

In Tokyo, the Nikkei ended higher as investors looked ahead to Prime Minister Shinzo Abe’s press conference later in the day, where he is expected to unveil the reform plans of his 'third arrow' strategy.

Meanwhile, shares in mainland China and Hong Kong rebounded from the previous day’s losses, but gains remained limited amid ongoing concerns over the health of China’s economy.

Elsewhere, in Australia, the ASX/200 Index declined, while the Australian dollar fell from the previous session’s five-week peak against the greenback. The Aussie weakened to 94.05 U.S. cents from 94.40 on Monday.

Looking ahead, European stock market futures pointed to a higher open. The Euro Stoxx 50 futures pointed to a gain of 0.2%, France’s CAC 40 added 0.3%, London’s FTSE 100 indicated a gain of 0.2%, while Germany's DAX inched up 0.1%.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

In the euro zone, the Ifo Institute is to publish data on German business climate.

Across the Atlantic, U.S. equity markets pointed to a modestly lower open. The Dow futures pointed to a loss of 0.1%, the S&P 500 indicated a decline of 0.1%, while the Nasdaq 100 pointed to a fall of 0.1%.

The U.S. is to release private sector data on consumer confidence, as well as a report on new home sales.

Which stock should you buy in your very next trade?

AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

Unlock ProPicks AI

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.