• MTS Futures News_AM_20161229

    29 Dec 2016 | SET News



The Dow Jones industrial average finished down 0.56 percent at 19,833.68, the S&P 500 closed 0.84 percent lower to 2,249.92 and the Nasdaq composite finished down 0.89 percent to 5,438.56.

"U.S. indices pulled back from all-time highs, and currencies and commodities largely marked time as professional investors tweaked market exposures," said Michael McCarthy, chief market strategist at CMC Markets, in a note on Thursday.

Asia markets were under pressure at Thursday's open, with Japan's Toshiba tumbling on write-down fears and after South Korea cut its 2017 growth forecasts.

Nikkei 225 opened down 0.82 percent, likely due to pressure from a stronger yen.

Shares of Toshiba were down 18.10 percent, fast approaching the Tokyo exchange's daily downward limit at 20 percent. On Wednesday, S&P Global Ratings lowered Toshiba's long-term corporate credit and senior unsecured debt ratings, to B- from B and B+ to BB-, respectively.

South Korea's finance ministry also revised its 2017 gross domestic product forecast for 2017, down to 2.6 percent from 3.0 percent earlier.

Reference: CNBC


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