HONG KONG – Asian stock markets are muted and the dollar fell on Friday after the Wall Street pullback when the threat of a US federal government shutdown the weekend was coming.
MAINTENANCE SCORING: Japan's Nikkei 225 benchmark index rose 0.2 percent to 23,808.06 and Kospi of South Korea gained 0.2 percent to 2,520.26. The Hang Seng of Hong Kong fell 0.1 percent to 32,100.97, while the Shanghai compound in mainland China added 0.2 percent to 3,481.53. The Australian S & P / ASX 200 fell 0.2 percent to 6,005.80. Stocks mixed in Southeast Asia and the Taiwan benchmark rose.
OFF: US politicians were struggling to avoid a possible closure of the federal government before Friday's deadline at midnight. Lawmakers in the House of Representatives voted in favor of a funding bill that would keep the doors of the agency and federal workers open until mid-February, but the measure faces uncertain prospects in the Senate. A shutdown could affect consumer spending and shake markets, although it is unlikely to cause widespread economic damage. Credit Suisse economists said in a note on Thursday.
TRADER TALK: "An air of predictable caution has enveloped the global stock markets as we approach the final bell for the US budget showdown," said Stephen Innes, Asia's chief operating officer. Pacific in OANDA. "But in the general scheme of things this case of hiccups is likely to happen as fast as it came."
GLOBAL PERSPECTIVE: Most Asian stock indices were on track for weekly gains, with benchmarks such as the Hang Seng near record highs lifted by optimism about the global economy and corporate profits. China reported growth throughout the year and in the fourth quarter on Thursday that exceeded expectations, in a sign of hope for the world's second largest economy. IBM posted its first quarter of revenue growth in more than five years, as adjusted quarterly earnings exceeded Wall Street forecasts.
WALL STREET: The main points of reference of EE. UU They ended slightly lower. The Standard & Poor & # 39; s 500 Index fell 0.2 percent to 2,798.03. The Dow Jones industrial average lost 0.4 percent to 26,017.81. The Nasdaq was down less than 0.1 percent at 7.296.05.
COINS: The dollar weakened to 110.80 yen from 111.07 yen in late trading on Thursday. The euro strengthened to $ 1.2261 from $ 1.2237.
ENERGY: Oil futures retreated. US benchmark crude lost 81 cents to $ 63.14 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped 2 cents to settle at $ 63.95 a barrel on Thursday. Brent crude, which was used to quote international oil, dropped 71 cents to $ 68.60 a barrel.
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