Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Asian shares weaker ahead of Fed, Toshiba tumbles anew

Published 03/14/2017, 10:52 PM
Updated 03/14/2017, 10:53 PM
© Reuters.  Asian shares weaker

Investing.com - Shares in Asia held weaker on Wednesday with a widely expected hike in U.S. interest rates later in the day weighing on sentiment and in an otherwise light regional data day.

In Japan, the Nikkei 225 fell 0.3% as shares in Toshiba fell 6.6% in early trade, after the Tokyo Stock Exchange put its shares under supervision as part of a restructuring plan focused on longer-term 'Measures to Rebuild Toshiba' and 2019 profit targets unveiled as it works to recover from a multi-billion dollar write-down of its Westinghouse nuclear unit.

Australia's S&P/ASX 200 fell 0.29%, while the Shanghai Composite drifted down 0.20%.

Overnight, U.S. stocks closed lower on Tuesday, after oil prices slid for a seventh straight session and heaped pressure on energy stocks ahead of the Federal Reserve's interest rate decision on Wednesday.

In what was quiet day for top-tier economic data releases, upbeat U.S. economic data had a muted effect on equities.

The Labor Department said on Tuesday that its producer price index for final demand increased 0.3 percent last month after rising 0.6 percent in January. Economists had forecast a 0.1 percent rise.

The Dow Jones Industrial Average closed 0.19% lower at 20,842. The S&P 500 shed 0.34% and the Nasdaq Composite lost 0.32% to close at 5,856.

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.