News Column

Asian stocks mute despite U.S. data

May 5, 2014

Asian stocks were kept in check Tuesday as improvement in U.S. service industries competed with concern about disappointing Chinese manufacturing and anxiety over Ukraine, ABC News reported.

China's benchmark Shanghai Composite Index was up 0.2% at 2,030.79 after April manufacturing, fell short of expectations. Taiwan's Taiex added 0.2% to 8,885.18.

Singapore and Jakarta rose while New Zealand fell. Tokyo, Hong Kong and Seoul were closed for holidays.

Sentiment was supported by a report from a U.S. trade group that activity in the country's service industries grew at its fastest rate in eight months in April.

Australia's S&P/ASX 200 was up 0.2% at 5,473.

Meanwhile in Europe, Germany's DAX closed down 0.3% on Monday while France's CAC 40 added 0.1%.

On Wall Street, the Standard & Poor's 500 gained 0.2% to 1,884.66 after the Institute for Supply Management's service-sector index rose to 55.2 in April from March's 53.1.

The Dow Jones industrial average rose 0.1% to 16,530.55. The Nasdaq composite rose 0.3% to 4,138.06.

The euro rose to $1.3879 from $1.3877 late Monday. The dollar fell to 102.06 yen from 102.11 yen.

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Source: AKIpress News Agency (Kyrgyz Republic)

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