• Thursday: Asia Pacific stocks close

Market news

30 May 2013

Thursday: Asia Pacific stocks close

Asian stocks retreated, with the regional benchmark index heading for its first monthly decline in seven months, as commodities fell and the yen traded near a three-week high.

Nikkei 225 13,589.03 -737.43 -5.15%

S&P/ASX 200 4,930.7 -44.03 -0.89%

Shanghai Composite 2,317.2 -6.82 -0.29%

Honda Motor Co., which gets 46 percent of sales from North America, slid 3 percent on concern a stronger yen will damp the earnings outlook for Japanese exporters.

BHP Billiton Ltd., the world's biggest mining company and Australia's No. 1 oil producer, lost 1.6 percent after crude and copper futures dropped.

Langham Hospitality Investments Ltd. slumped 9.2 percent on the hotel operator's first trading day in Hong Kong.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.