WELLINGTON, Nov 10 (Reuters) - Asian stocks are expected to
open lower on Wednesday as U.S. shares fell for a second straight
session, led by sharp losses for metals and banking firms.
The main Wall Street indexes closed between 0.5 and 0.8 percent lower as selling gathered pace late, after metals stocks gave up early gains as the price of gold and silver fell sharply.
An index of gold and silver miners' shares fell 2.6 percent after hitting an all-time high earlier in the day.
Financial stocks, which have been top gainers in the past few sessions, extended the previous day's fall as interest rates rose late in the session.
The U.S. dollar's renewed strength also weighed as investors sought its safe-haven status amid concerns about the fiscal health of the euro zone.
Asian stocks listed on Wall Street fell 1.27 percent.
UK shares rose 0.4 percent, just below 29-month highs, on the back of solid company results. European shares closed at their highest level in more than two years boosted by corporate results and improved hopes of global recovery.
Japanese stocks are seen opening higher, after the market eased 0.4 percent on Tuesday from a three-month closing high on profit taking in thin market conditions.
The U.S. dollar's 1 percent gain against the yen may bolster exporter sentiment. Nikkei futures traded in Chicago were 55 points above the last closing level in Osaka .
Australian shares are set for a cautious start on Wednesday, as Wall Street inched down and global miner BHP Billiton is expected to open around 0.7 percent higher after a gain in its U.S. ADRs.
Share price index futures rose 0.1 percent to
4,758.0, a 18.3
point premium to the underlying S&P/ASX 200 index .
HEADLINES: > Wall St drops after sell-off; banks, metals drag > China, Germany slam U.S. policy before G20 summit > US banks' mortgage practices reap more lawsuits > Chevron bets on shale gas with $3.2 bln Atlas buy > US wholesale inventory surge implies weakness > Big banks set to pay more into FDIC fund > Lions Gate swings to 2nd quarter loss > POLL-Rich world growth view unmoved by Fed's QE2 > Ambac sues U.S., says IRS may ruin bankruptcy > Summit-Glaxo sees more industry consolidation > Lilly's survival plan is far from generic > EU fines airlines 800 mln euros for cargo cartel
KEY INDEXES pct change
Bank of New York Asia ADR index -1.27
Dow Jones Industrial Average -0.53
Nasdaq Composite Index -0.66
Nikkei futures in Chicago 9,745
Nikkei futures in Osaka 9,690
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Consumer confidence index for October
- Shinsei Bank H1 results
HONG KONG - China Tian Lun Gas Holdings Ltd
trading debut.
- Hong Kong Exchanges and Clearing Ltd
Q3 results.
- Lenovo Group Ltd H1 results
- Tencent Holdings Ltd Q3 results
AUSTRALIA - NAB business conditions, confidence survey
CHINA - Trade balance, October
(Reporting by Gyles Beckford)
((Wellington newsroom tel 64 4471 4234, fax +64 4 4736 212,
wellington.newsroom@reuters.com)) 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 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 2010. 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 Wall Street indexes closed between 0.5 and 0.8 percent lower as selling gathered pace late, after metals stocks gave up early gains as the price of gold and silver fell sharply.
An index of gold and silver miners' shares fell 2.6 percent after hitting an all-time high earlier in the day.
Financial stocks, which have been top gainers in the past few sessions, extended the previous day's fall as interest rates rose late in the session.
The U.S. dollar's renewed strength also weighed as investors sought its safe-haven status amid concerns about the fiscal health of the euro zone.
Asian stocks listed on Wall Street fell 1.27 percent.
UK shares rose 0.4 percent, just below 29-month highs, on the back of solid company results. European shares closed at their highest level in more than two years boosted by corporate results and improved hopes of global recovery.
Japanese stocks are seen opening higher, after the market eased 0.4 percent on Tuesday from a three-month closing high on profit taking in thin market conditions.
The U.S. dollar's 1 percent gain against the yen may bolster exporter sentiment. Nikkei futures traded in Chicago were 55 points above the last closing level in Osaka .
Australian shares are set for a cautious start on Wednesday, as Wall Street inched down and global miner BHP Billiton is expected to open around 0.7 percent higher after a gain in its U.S. ADRs.
Share price index futures rose 0.1 percent to
4,758.0, a 18.3
point premium to the underlying S&P/ASX 200 index .
HEADLINES: > Wall St drops after sell-off; banks, metals drag > China, Germany slam U.S. policy before G20 summit > US banks' mortgage practices reap more lawsuits > Chevron bets on shale gas with $3.2 bln Atlas buy > US wholesale inventory surge implies weakness > Big banks set to pay more into FDIC fund > Lions Gate swings to 2nd quarter loss > POLL-Rich world growth view unmoved by Fed's QE2 > Ambac sues U.S., says IRS may ruin bankruptcy > Summit-Glaxo sees more industry consolidation > Lilly's survival plan is far from generic > EU fines airlines 800 mln euros for cargo cartel
KEY INDEXES pct change
Bank of New York Asia ADR index -1.27
Dow Jones Industrial Average -0.53
Nasdaq Composite Index -0.66
Nikkei futures in Chicago 9,745
Nikkei futures in Osaka 9,690
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Consumer confidence index for October
- Shinsei Bank H1 results
HONG KONG - China Tian Lun Gas Holdings Ltd
trading debut.
- Hong Kong Exchanges and Clearing Ltd
Q3 results.
- Lenovo Group Ltd H1 results
- Tencent Holdings Ltd Q3 results
AUSTRALIA - NAB business conditions, confidence survey
CHINA - Trade balance, October
(Reporting by Gyles Beckford)
((Wellington newsroom tel 64 4471 4234, fax +64 4 4736 212,
wellington.newsroom@reuters.com)) 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 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 2010. 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.