WELLINGTON, Oct 29 (Reuters) - Asian stocks are likely to
open lower on Thursday after poor U.S. housing data renewed fears
over the pace of the global economic recovery.
The main U.S. share indices fell as much as 2.7 percent after sales of new homes fell unexpectedly in September, with the negative mood exacerbated by Goldman Sachs cutting its forecast for U.S. third quarter growth.
The U.S. dollar and the yen both gained as investors sought safer assets, with commodity prices falling more than 2 percent.
British and European shares also fell sharply, as miners and energy firms were hit by the lower commodity prices.
Japanese shares are expected to open down, with Nikkei futures traded in Chicago 185 points below the last closing level in Osaka.
Thursday is set to be another busy day of Japanese earnings, with Softbank Corp, Mitsubishi Motors Corp and Nippon Steel Corp among those due to report. For more see
Australian stocks are also seen falling, with share index futures at 4,612, a 73.1 point discount to the underlying S&P/ASX 200 index's close on Wednesday.
Oil prices fell more than 2 percent as the weak housing data was compounded by figures showing a surprise rise in U.S. gasoline inventories.
HEADLINES: > New US home sales drop, durable goods orders rise > Wall St tumbles on recovery woes;S&P sheds Oct gain > Deutsche Bank buys wealth manager Sal. Oppenheim > China to launch case against Big 3 U.S. automakers > Lazard rides restructuring unit to Q3 profit > Motorola's Droid has Google navigation features > Oil price,refinery pain shrink oil company profits > Swine flu gives Glaxo a shot in the arm > EU clears Northern Rock split, paves way for sale > Coke, Pepsi bottlers see sales fall > Norway makes Europe's first rate hike since crisis > NZ central bank keeps rate, resists hike pressure
KEY INDEXES pct change
Bank of New York Asia ADR index -2.92
Dow Jones Industrial Average -1.21
Nasdaq Composite Index -2.67
MSCI Asia Pacific ex-Japan -2.41
Nikkei futures in Chicago 9,895
Nikkei futures in Osaka 10,080
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC -2.53
UMC -5.38
Siliconware -7.23
AU Optronics -2.93
Infosys Tech -1.70
Top 5 performers: pct change
Nidec Copal 3.75
Nomura Hld 2.02
Wacoal Corp. 1.71
NTT Docomo 1.06
Chartered Semi 0.70
Bottom 5 performers: pct change
Tom Online -11.49
Advantest -11.06
Satyam -9.98
Genetic Tech -8.72
Siliconware -7.23
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Nippon Steel Corp H1 results
- Mitsubishi Motors Corp H1 results
- Sanyo Electric Co Ltd H1 results
- Softbank Corp H1 results
HONG KONG - Bank of China Ltd Q3 results
- China COSCO Holdings Co Ltd Q3 results
- Tsingtao Brewery Co Ltd Q3 results
AUSTRALIA - Australia & New Zealand Banking Group
full year results
- AGL Energy annual meeting
- Newcrest investor update
TAIWAN - Acer Q3 investor conference
- ASE Q3 investor conference
- Mediatek Q3 investor conference
STH KOREA - SK Telecom Q3 results
- KB Financial Group Q3 results
- NHN Corp Q3 results
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates For expanded, multimedia Reuters Top News visit: * 3000 Xtra: visit http://topnews.session.rservices.com * THOMSON ONE: visit topnews.thomsonone.com/topnews * ReutersStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The main U.S. share indices fell as much as 2.7 percent after sales of new homes fell unexpectedly in September, with the negative mood exacerbated by Goldman Sachs cutting its forecast for U.S. third quarter growth.
The U.S. dollar and the yen both gained as investors sought safer assets, with commodity prices falling more than 2 percent.
British and European shares also fell sharply, as miners and energy firms were hit by the lower commodity prices.
Japanese shares are expected to open down, with Nikkei futures traded in Chicago 185 points below the last closing level in Osaka.
Thursday is set to be another busy day of Japanese earnings, with Softbank Corp, Mitsubishi Motors Corp and Nippon Steel Corp among those due to report. For more see
Australian stocks are also seen falling, with share index futures at 4,612, a 73.1 point discount to the underlying S&P/ASX 200 index's close on Wednesday.
Oil prices fell more than 2 percent as the weak housing data was compounded by figures showing a surprise rise in U.S. gasoline inventories.
HEADLINES: > New US home sales drop, durable goods orders rise > Wall St tumbles on recovery woes;S&P sheds Oct gain > Deutsche Bank buys wealth manager Sal. Oppenheim > China to launch case against Big 3 U.S. automakers > Lazard rides restructuring unit to Q3 profit > Motorola's Droid has Google navigation features > Oil price,refinery pain shrink oil company profits > Swine flu gives Glaxo a shot in the arm > EU clears Northern Rock split, paves way for sale > Coke, Pepsi bottlers see sales fall > Norway makes Europe's first rate hike since crisis > NZ central bank keeps rate, resists hike pressure
KEY INDEXES pct change
Bank of New York Asia ADR index -2.92
Dow Jones Industrial Average -1.21
Nasdaq Composite Index -2.67
MSCI Asia Pacific ex-Japan -2.41
Nikkei futures in Chicago 9,895
Nikkei futures in Osaka 10,080
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC -2.53
UMC -5.38
Siliconware -7.23
AU Optronics -2.93
Infosys Tech -1.70
Top 5 performers: pct change
Nidec Copal 3.75
Nomura Hld 2.02
Wacoal Corp. 1.71
NTT Docomo 1.06
Chartered Semi 0.70
Bottom 5 performers: pct change
Tom Online -11.49
Advantest -11.06
Satyam -9.98
Genetic Tech -8.72
Siliconware -7.23
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Nippon Steel Corp H1 results
- Mitsubishi Motors Corp H1 results
- Sanyo Electric Co Ltd H1 results
- Softbank Corp H1 results
HONG KONG - Bank of China Ltd Q3 results
- China COSCO Holdings Co Ltd Q3 results
- Tsingtao Brewery Co Ltd Q3 results
AUSTRALIA - Australia & New Zealand Banking Group
full year results
- AGL Energy annual meeting
- Newcrest investor update
TAIWAN - Acer Q3 investor conference
- ASE Q3 investor conference
- Mediatek Q3 investor conference
STH KOREA - SK Telecom Q3 results
- KB Financial Group Q3 results
- NHN Corp Q3 results
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates For expanded, multimedia Reuters Top News visit: * 3000 Xtra: visit http://topnews.session.rservices.com * THOMSON ONE: visit topnews.thomsonone.com/topnews * ReutersStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.