Asian markets subdued as investors brace for earnings season

The screens of specialist Robert Tuccillo are reflected in his glasses as he works at his post on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017. Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs. (AP Photo/Richard Drew)
Trader Kevin Lodewick works on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017. Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs. (AP Photo/Richard Drew)
Trader Kevin Walsh, foreground left, works with specialist Jay Woods, right, on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017. Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs. (AP Photo/Richard Drew)
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017. Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs. (AP Photo/Richard Drew)
Trader Michael Milano works on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017. Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs. (AP Photo/Richard Drew)
Traders Robert Charmak, left, and Richard Cohen work on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017. Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs. (AP Photo/Richard Drew)
Trader Andrew Silverman works on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017. Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs. (AP Photo/Richard Drew)

SEOUL, South Korea — Asian stock markets were subdued on Friday following losses on Wall Street as investors awaited corporate earnings and U.S. inflation data.

KEEPING SCORE: Japan's Nikkei 225 rose 0.5 percent to 21,067.53 and South Korea's Kospi added 0.1 percent to 2,476.73. Hong Kong's Hang Seng index edged down 0.1 percent to 28,447.08 and Shanghai Composite Index rose 0.1 percent to 3,390.63. Australia's S&P/ASX 200 rose 0.3 percent to 5,811.70. Stocks in Southeast Asia were higher.

SAMSUNG EARNINGS: Samsung said its third quarterly profit nearly tripled from a year earlier thanks to a continued boom in the memory chip industry. The company's share price dipped 0.4 percent after the head of its semiconductor business offered to resign, saying the company needs a new leader.

WALL STREET: U.S. stock indexes retreated from their record highs Thursday as health-related stocks slumped after President Donald Trump signed an order to launch health care reforms. The Standard & Poor's 500 index fell 0.2 percent to 2,550.93. The Dow Jones industrial average lost 0.1 percent to 22,841.01. The Nasdaq composite dipped 0.2 percent to 6,591.51. The Russell 2000 index of smaller-company stocks edged 0.1 percent lower to 1,505.16.

ANALYST VIEWPOINT: "U.S. markets took another break from record breaking, ending Thursday broadly lower. Diving into the earnings season, it may not be a welcoming turn for Asian markets looking to continue the strong rally from yesterday," Jingyi Pan of IG said in a commentary. "Friday's September CPI release may still offer an opportunity for the U.S. dollar to see some upsides."

OIL: Benchmark U.S. crude oil added 27 cents to $50.87 per barrel in electronic trading on the New York Mercantile Exchange. The contract lost 70 cents, or 1.4 percent, to finish at $50.60 a barrel on Thursday. Brent crude, used to price international oils, rose 25 cents to $56.50 per barrel in London. It fell 69 cents, or 1.2 percent, to close at $56.25 a barrel on Thursday.

CURRENCIES: The dollar weakened to 112.14 yen from 112.30 yen. The euro rose to $1.1850 from $1.1828.

You may also interested in

Suicide car bomber outside Mogadishu airport kills 3: Police

Jan 2, 2017

Suicide car bomber outside Mogadishu airport kills at least 3, police say

The Latest: Iraqi forces take control of IS 'sniper' village

Feb 23, 2017

The Latest: Iraqi military spokesman says special forces capture key village southwest of Mosul used by IS for snipers

Former spy officials criticize Trump's stance on Russia

Jul 22, 2017

Two former top intelligence officials are harshly criticizing President Donald Trump for not standing up to Russia for meddling in the presidential election

People also read these

Suicide car bomber outside Mogadishu airport kills 3: Police

Jan 2, 2017

Suicide car bomber outside Mogadishu airport kills at least 3, police say

The Latest: Iraqi forces take control of IS 'sniper' village

Feb 23, 2017

The Latest: Iraqi military spokesman says special forces capture key village southwest of Mosul used by IS for snipers

Former spy officials criticize Trump's stance on Russia

Jul 22, 2017

Two former top intelligence officials are harshly criticizing President Donald Trump for not standing up to Russia for meddling in the presidential election

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH

About Us

VNReporter is built to serve the people of Vietnam exclusive reports that best reflect the happenings and achievements in the country. With the rise in the popularity in online news, readers now demand to read quality news in a more modern and easy to read format.

Contact us: sales@vnreporter.com