News Column

Singapore : Asia shares mixed as traders watch Iraq, Fed meeting

June 17, 2014

Asian markets were mixed Tuesday, with Wall Street providing a tepid lead ahead of the US Federal Reserve's latest policy meeting, while oil sat at nine-month highs as traders nervously watch the crisis in Iraq.

The dollar nudged a little higher against the yen after the previous day's sell-off but the uncertainty caused by events in the Gulf kept gains to a minimum.

Tokyo added 0.40 per cent after sinking more than one percent on Monday, while Seoul put on 0.22 per cent. But Hong Kong lost 0.41 per cent, Shanghai shed 0.44 per cent and Sydney was off 0.26 per cent.

With few economic catalysts to drive trade, Iraq has dominated investors' attention as militants sweep across the country, taking over key cities and heading for Baghdad.

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Source: TendersInfo (India)

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