💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Asian shares mostly weaker with investors turning attention to Greece

Published 02/10/2015, 11:31 PM
Updated 02/10/2015, 11:33 PM
Asian shares weaker
US500
-
DJI
-
AXJO
-
HK50
-
USD/CNY
-
IXIC
-
SSEC
-

Investing.com - Asian shares held mostly weaker on Wednesday as Greece remained a concern for investors.

The S&P/ASX 200 fell 0.52%, while the Hang Seng index eased 0.78%. The Shanghai Composite however rose in the afternoon by 0.21%.

Greece's Parliament approved the government's economic plan in a vote late Tuesday that sets up a showdown with country's international
creditors beginning this week in Brussels.

With 162 'yes' votes against 137 'nos' with one absentee lawmaker, Prime Minister Alexis Tsipras earned approval for a plan that rolls back many of the austerity measures agreed by the former government of Antonis Samaras.

Japanese markets are closed for a public holiday. Elsewhere, another series of Chinese data releases are expected to generate interest today.

China's January new loans, money supply and total social financing data are due, but there is no fixed time.

New loans are expected to have nearly doubled in January to 1.35 trillion yuan while total social financing -- the PBOC's broadest public measure of funding activity in the financial system -- may have hit 2.1 trillion yuan, up from December's 1.69 trillion yuan.

Meanwhile in Australia, the Westpac-MI Consumer Sentiment survey rose 8.0 points to 100.7, the first time above 100 since February 2014 and expected after an RBA cash rate cut last week which was passed in full to mortgage-holders by banks, and the fall in petrol prices.

Housing finance data showed a gain of 2.7% month-on-month in December, better than the 2.0% rise expected.

Overnight, U.S. stocks were higher after the close on Tuesday, as gains in the Utilities, Technology and Health Care sectors led shares higher.

At the close in New York, the Dow Jones Industrial Average rose 0.79%, while the S&P 500 index added 1.07%, and the NASDAQ Composite index added 1.30%.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.