Friday, 30 January 2015

Asia Pacific Market: Stocks fall on profit booking, weak offshore cues

Pacific share market ended down on Thursday, 29 January 2015, as participants' locked-in recent gains in bluechip stocks after the US Federal Reserve unexpectedly lifted its view on the economy, signaling that the US central bank remains firmly on track with plans to raise interest rates this year.
The MSCI Asia Pacific Index lost 1.1% to 140.79. Key benchmark indices in New Zealand, Japan, Taiwan, South Korea, China, Hong Kong, and Malaysia and fell by 0.54% to 1.31% while Singapore Strait Times ended steady.
Among major regional bourses
Australia market rises for sixth straight session
The Australian share market ended higher, registering sixth session of consecutive rise, as gains in utilities, financial, material and consumer goods stocks were more than offset by losses in energy, technology, and bullion counters. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both rose by 0.3% to 5569.50 and 5532.20, respectively.
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