Investing.com - Financial Markets Worldwide

Shares in Asia fall on Wall Street blues overnight, U.S. data

Published 03/26/2015, 12:29 AM
Updated 03/26/2015, 12:30 AM
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Investing.com - Asian shares slipped on Thursday on Wall Street losses and soft U.S. economic data.

Australia's main index the S&P/ASX 200 shed 1.5%, while the Nikkei 225 lost 1.39%.

Overnight, stocks on U.S. equities markets fell broadly on Wednesday, amid a weaker dollar and a flurry of merger and acquisition activity.

The Dow Jones Industrial Average plunged nearly 300 points to post its third consecutive loss, while the NASDAQ Composite index and S&P 500 Composite index also closed lower. After starting the session above 18,000, the Dow plummeted 292.60 or 1.62% to close at 17,718.54.

In a report, the U.S. Commerce Department said that total durable goods orders, which include transportation items, declined 1.4% last month, compared to expectations for a gain of 0.4%. Orders for durable goods in January were revised down to a 2.0% gain from a previously reported increase of 2.8%.

Core durable goods orders, excluding volatile transportation items, inched down 0.4% in February, disappointing forecasts for a 0.3% gain. Core durable goods orders were flat in January, whose figure was revised from previously reported gain of 0.3%.

The report came a day after data showing an uptick in underlying U.S. inflation fuelled speculation that the Federal Reserve would still have leeway to tighten monetary policy even with inflation running below target.


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