• MTS Futures News_PM_20170803

    3 Aug 2017 | SET News


• Asian shares slid on Thursday, led by falls in South Korean tech shares, as investors locked in recent gains after Wall Street's Dow Jones Industrial Average broke the 22,000 barrier for the first time in its 121-year history.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent, with South Korea's tech-heavy Kospi index on course to drop 1.6 percent.

• Japan's Nikkei share average fell on Thursday as investors wasted little time taking profits in tech shares which rallied the previous day on Apple's strong quarterly earnings.

The Nikkei ended 0.3 percent lower at 20,029.26 points.

• China's major stock indexes fell on Thursday, after a private survey showed the country's services sector cooled in July and a net drain of funds by the central bank renewed concerns about liquidity conditions.

The blue-chip CSI300 index fell 0.9 percent, to 3,727.83 points. The Shanghai Composite Index lost 0.4 percent to 3,272.93 points, further retreating from the previous session's 19-month intraday high of 3,305.43.

• Hong Kong stocks followed other Asian markets lower on Thursday, as investors paused for breath after recent strong gains in financial and resources firms.

The Hang Seng index fell 0.3 percent, to 27,531.01 points, while the China Enterprises Index lost 0.5 percent, to 11,002.20 points.

• Indian shares fell for a second straight session on Thursday as State Bank of India and other lenders extended losses on concerns about the likelihood of further monetary easing by the country's central bank.

The Reserve Bank of India (RBI) on Wednesday cut the repo rate by 25 basis points to 6 percent, a more than 6-1/2 year low, but pinned future action on economic data, disappointing investors who had hoped for signs of more easing ahead.

Hopes of further rate cuts had risen after inflation eased while the economy is growing at its slowest pace in over two years.


Reference: Reuters, CNBC

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