Europe recouping losses, Asia muted after Belgian attacks

AP News
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Posted: Mar 23, 2016 4:45 AM
Europe recouping losses, Asia muted after Belgian attacks

TOKYO (AP) — European share prices appeared headed to recoup losses that had followed the deadly bombings in Belgium, while Asian stock indexes mostly fell, although moderately, on Wednesday in cautious trading.

KEEPING SCORE: France's CAC 40 recovered 0.6 percent in early trading to 4,456.18. Germany's DAX edged up 0.7 percent to 10,057.43. Britain's FTSE 100 was up 0.1 percent at 6,201.70. U.S. shares appeared headed to little change with Dow futures unchanged at 17,504. S&P 500 futures inched up 0.03 percent at 2,043.10.

ATTACK WOES: News of the attacks in Belgium, which killed at least 34 people, had pulled global markets lower, and airlines and travel companies continued to slip in Asia. Major Japanese carrier ANA fell 0.5 percent, while HIS Co., a major Japanese travel company, slipped 2.3 percent.

THE QUOTE: "The Brussels explosions gave the market a shock yesterday," said Margaret Yang Yan, market analyst at CMC Markets Singapore. "This attack, together with a series of terrorist attacks believed to have been perpetrated by ISIS since last year, will have an impact on investors' confidence."

ASIA'S DAY: Japan's benchmark Nikkei 225 fell 0.3 percent to 17,000.98. South Korea's Kospi edged 0.1 percent lower to 1,995.12. Hong Kong's Hang Seng fell 0.3 percent to 20,615.23, while the Shanghai Composite rose nearly 0.4 percent to 3,009.96. Australia's S&P/ASX 200 lost 0.5 percent at 5,142.30. Southeast Asian markets were mostly lower.

ENERGY: U.S. crude slipped 39 cents to $41.06 a barrel in electronic trading on the New York Mercantile Exchange. It fell 7 cents to $41.45 a barrel on Tuesday. Brent crude, the benchmark for international oils, fell 19 cents to $41.60 a barrel in London.

CURRENCIES: The euro fell slightly to $1.1195 from $ $1.1200, while the dollar rose to 112.49 yen from 111.65 yen.

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