Most Asian markets decline

| July 16, 2007 | 0 Comments
Most Asian markets decline

Markets in the Asia-Pacific region were mostly lower on Monday. The main exception was in India, where the Sensex added 0.25 percent to 15,311.22. In Australia, the Sydney Ordinaries dropped 0.11 percent to 6,418.4. The Straits Times index in Singapore was 0.35 percent lower to 3, 652.23, while in Hong Kong the Hang Seng index fell 0.63 percent to 22.953.94. The Tokyo markets were closed for the Maritime Day holiday.

In Europe, equities markets on the continent saw gains, while the London markets were lower on the session. The FTSE Eurofirst 300 added 0.19 percent to 1,630.35. In Paris, the CAC-40 was 0.12 percent higher to 6,125.6, while the Dax gained 0.16 percent to 8,105.69 in Frankfurt and the IBEX was up 0.58 percent to 15,110.4 in Madrid. In London, meanwhile, The FTSE 100 dropped 0.28 percent to 6,697.7, while the FTSE 250 was 0.05 percent lower to 11,917.3.

In early afternoon trading on Wall Street, the Dow Jones Industrial Average had added 0.51 percent to 13,977.73, while the Nasdaq Composite had added 0.07 percent to 2,708.96 and the S&P 500 was 0.08 percent higher to 1,553.9.

Oil prices were lower in both London and New York, while metals prices were mixed. In New York, precious metals were lower. Most base metals saw gains in London, but copper was lower in both London and New York.

The US dollar was lower in midday trade in London.

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