Asia-Pacific markets mixed on day

| August 14, 2007 | 0 Comments
Asia-Pacific markets mixed on day

Asia-Pacific equities markets were mixed on Tuesday. Among decliners, the Sensex dropped 0.11 percent to 15,000.91, while Taiwan’s Taiex index fell 0.31 percent to 8,910.99. In Australia, the Sydney Ordinaries lost 0.75 percent to 5,982.5 and the S&P/ASX200 was 0.78 percent lower to 5,964.8. South Korea’s Kospi index dropped 1.7 percent to 1,817.89. Gainers included the Straits Times index in Singapore, which added 0.18 percent while Hong Kong’s Hang Seng index was 0.53 percent higher to 22,007.32. In China, the Shanghai Composite gained 1.09 percent to 4,872.78. Tokyo’s markets were higher. The Nikkei 225 added 0.3 percent to 16,844.61, while the Topix index was up 0.3 percent to 1,637.46. The Mothers market gained 0.62 percent to 722.26.

European markets were lower on the session Tuesday, led by declines in banks that are still beset by problems in the credit market. The FTSE Eurofirst 300 was 1.28 percent lower to 1,493.85. In Frankfurt the Dax dropped 0.66 percent to 7,425.07, while the IBEX was down 1.21 percent to 14,553.1 in Madrid and the Paris CAC-40 fell 1.63 percent to 5,478.66. Markets in London were lower as well, with the FTSE 100 down 1.21 percent to 6,143.5 and the FTSE 250 at 10,998.6, a decline of 1.52 percent.

Wall Street was lower in afternoon trade on Tuesday. At early afternoon in New York, the Dow Jones Industrial Average was 0.76 percent lower to 13,136.06. The Nasdaq Composite was down 0.7 percent to 2,534.51, while the S&P 500 had dropped 0.81 percent to 1,441.1.

Crude oil prices were higher, while metals prices were lower on the day.

In currencies trade, sterling dropped below $2 in relation to the US dollar for the first time in more than a month and a half, while the yen strengthened.

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