Tokyo equities slide

| July 12, 2007 | 0 Comments
Tokyo equities slide

Asia-Pacific equities markets were mostly higher on Thursday. In Australia, the Sydney Ordinaries added 0.58 percent to 6,400.1. Meanwhile, Singapore’s Straits Times Index was up 0.82 percent to 3,600.75, while the Hang Seng index gained 0.89 percent to 22,809.02 in Hong Kong. In India, the Sensex was 1.22 percent higher to 15,092.04. Tokyo went against the trend, with the Nikkei 225 down 0.36 percent to 17,984.14. The Topix index fell 0.3 percent to 1,763.06.

In Europe, equities were substantially higher. The FTSE Eurofirst 300 added 1.19 percent to 1,620.18. The IBEX gained 1.19 percent to 14,941.8 in Madrid, while the Paris CAC-40 was 1.7 percent higher to 6,103.05 and the Dax was up 1.96 percent to 8,053.43. London’s markets were higher as well, with the FTSE 100 up 1.25 percent to 6,697.7 and the FTSE 1.22 percent higher to 11,809

Wall Street was also higher, seeing gains at midday. The Dow Jones Industrial average had added 1.2 percent to 13,739.47 after having reached a new high at 13,744.92 earlier in the session. The Nasdaq Composite was up 0.9 percent to 2,674.8, while the S&P 500 gained 0.9 percent as well, to 1,532.81.

Crude oil prices were higher in London and New York, while precious metals were higher and base metals prices were mixed.

The yen weakened again on a Bank of Japan decision to leave interest rates on hold for now, while the US dollar saw mixed results. US Treasury bonds saw yields climb.


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