Asian markets slipped yesterday after Wall Street's three main indexes began the new year in the red on profit-taking following a solid 2013, while Hong Kong and Shanghai were hit by weak Chinese services sector data. The dollar extended losses against the yen suffered in New York just days after hitting a five-year high. Sydney eased 0.33 per cent, or 17.8 points, to 5,350.1 and Seoul fell 1.07pc, or 21.05 points, to close at 1,946.14. Hong Kong tumbled 2.24pc, or 522.77 points, to 22,817.28, and Shanghai was off 1.24pc, or 26.25 points, at 2,083.14, after official figures showed an index of China's services saw growth slow in December. Bangkok fell for a second day, shedding 0.55pc in the afternoon – after diving more than 5pc on Thursday – as anti-government protests grip the capital amid fears that elections due next month will not go ahead. And in India , Mumbai's Sensex was 0.44pc lower after Prime Minister Manmohan Singh said he would leave office after polls due this year even if his embattled Congress party wins a third term. Tokyo was closed for a public holiday. Chinese investors, already worried about a share glut as initial public offerings begin after a year-long hiatus, were spooked by figures showing growth in the mainland non-manufacturing sector fell sharply in December from November. The sector covers services including, among others, retail, aviation, software and real-estate. The data came on the heels of news from around the world that the manufacturing sector had seen an easing of activity last month. In other markets: Taipei lost 0.77pc, or 66.00 points, to end at 8,546.54. Wellington closed up 0.68pc, or 32.03 points, at 4,769.04. Manila fell 0.61pc, or 36.33 points, to 5,947.93. Mumbai fell 0.12pc or 25.75 points to 20,862.58 points. Kuala Lumpur's main index slid 18.21 points, or 0.98pc, to 1,834.74. Bangkok fell 0.50pc or 6.15 points to 1,224.62. Jakarta ended down 1.61pc, or 69.60 points, at 4,257.66. Singapore closed down 1.36pc, or 43.18 points, at 3,131.47. copyright
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Some California Cities Seeking Water Independence
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Will Missing Malaysian Jet Prompt Aviation System Change?
- GM Recall Poses First Major Test for New CEO
- Obama Seeks to Stay Neutral in CIA-Senate Conflict