Asian Stocks Meandered Friday — Weighed Down by Trump, Brazil Worries — “I suspect traders will remain in a kind of Investor Purgatory where risk aversion dominates and fear mounts.”

Peace and Freedom

TOKYO — Asian stocks meandered Friday following an overnight recovery on Wall Street, though investor optimism was tempered by U.S. political uncertainties and a crisis brewing in Brazil.

KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 0.3 percent to 19,602.56. Australia’s S&P/ASX 200 edged down 0.2 percent to 5,725.70. South Korea’s Kospi added 0.2 percent to 2,291.79. Hong Kong’s Hang Seng rose 0.4 percent to 25,227.02. The Shanghai Composite edged 0.1 percent lower to 3,084.57. India’s Sensex gained 0.6 percent to 30,624.67 and shares in Southeast Asia were mixed.

U.S. FACTOR: U.S. shares rallied, partly cheered by a positive report jobs data, following their worst drop in eight months the day before. Fears have been growing that given his political troubles Trump…

View original post 225 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s