Money Asian shares mixed after Trump offers scant policy details

12:20  12 january  2017
12:20  12 january  2017 Source:   MSN

Fan opens Trump-themed restaurant in Iraqi Kurdistan

  Fan opens Trump-themed restaurant in Iraqi Kurdistan A Donald Trump fan named his restaurant in Iraqi Kurdistan after the president-elect, according to several media reports. Nadyar Zawiti, the owner of the restaurant, named it "Trump Fish" and is featuring a logo of Trump's face.

Asian shares were mixed Thursday following President-elect Donald Trump 's press conference. Trump offered scant details on policies , disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus. DRUG MAKERS: Health care stocks fell after Trump said new bidding procedures are needed to stem rises in drug costs. Pharmaceutical company Endo International led the decliners in the Standard & Poor’s 500 index, sliding 8.5 percent on Wednesday.

Asian shares were mixed Thursday following President-elect Donald Trump 's press conference. Trump offered scant details on policies , disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus. less. DRUG MAKERS: Health care stocks fell after Trump said new bidding procedures are needed to stem rises in drug costs. Pharmaceutical company Endo International led the decliners in the Standard & Poor's 500 index, sliding 8.5 percent on Wednesday.

KUALA LUMPUR, Malaysia - Asian shares were mixed Thursday following President-elect Donald Trump's press conference. Trump offered scant details on policies, disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus.

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Hang Seng Bank Ltd

HSNGF

lnterracial couples in film remain a rarity

  lnterracial couples in film remain a rarity TORONTO - It's been 50 years since the debut of "Guess Who's Coming To Dinner" yet film portrayals of interracial couples remain a rarity in Hollywood. The 1967 movie was a watershed in its positive depiction of the relationship between an accomplished black doctor (Sidney Poitier) and his white fiancee (Katharine Houghton), at a time when interracial marriages were still illegal in many U.S. states. A half-century on, there are few examples in modern films of romances involving interracial couples.

KUALA LUMPUR, Malaysia — Asian shares were mixed Thursday following President-elect Donald Trump 's press conference. Trump offered scant details on policies , disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus. KEEPING SCORE: Japan's benchmark Nikkei 225 shed 1.0 per cent to 19,179.26, as the U.S. dollar fell back against the yen, potentially hurting exporters' earnings. Hong Kong's Hang Seng dipped 0.4 per cent to 22,850.17, and the Shanghai Composite gained 0.1 per cent to 3,141.13.

KUALA LUMPUR, Malaysia — Asian shares were mixed Thursday following President-elect Donald Trump ’s press conference. Trump offered scant details on policies , disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus. KEEPING SCORE: Japan’s benchmark Nikkei 225 shed 1.0 percent to 19,179.26, as the U.S. dollar fell back against the yen, potentially hurting exporters’ earnings. Hong Kong’s Hang Seng dipped 0.4 percent to 22,850.17, and the Shanghai Composite gained 0.1 percent to 3,141.13.

18.95
+0.35
+1.88%
Endo International PLC

ENDP

18.49
-1.75
-8.65%
Takeda Pharmaceutical Co Ltd

TKPYY

21.36
-0.26
-1.18%
Eisai Co Ltd

ESALF

58.75
+2.15
+3.80%

KEEPING SCORE: Japan's benchmark Nikkei 225 shed 1.0 per cent to 19,179.26, as the U.S. dollar fell back against the yen, potentially hurting exporters' earnings. Hong Kong's Hang Seng dipped 0.4 per cent to 22,850.17, and the Shanghai Composite gained 0.1 per cent to 3,141.13. Australia's S&P/ASX 200 slipped 0.1 per cent to 5,766.90 and South Korea's Kospi gained 0.2 per cent at 2,079.83. Shares in Southeast Asia were mostly higher.

  Asian shares mixed after Trump offers scant policy details © Provided by thecanadianpress.com

WALL STREET: The Nasdaq hit a fifth record-high close in a row, gaining 11.83 points, or 0.2 per cent, to 5,563.65. The Dow Jones industrial average rose 98.75 points, or 0.5 per cent, to 19,954.28. The S&P 500 index added 6.42 points, or 0.3 per cent, to 2,275.32.

Trump's long-awaited news conference quickly turns combative

  Trump's long-awaited news conference quickly turns combative NEW YORK - A shouting match with a reporter. A long unexplained prop. An unexpected interlude from a lawyer. Donald Trump's raucous first news conference as president-elect bore little resemblance to the usually staid and choreographed sessions with the occupant of the Oval Office. It was a 58-minute display of how some of the old rules of journalism will be tested in the Trump era. More than 250 journalists packed Trump Tower for the celebrity businessman's first full-fledged news conference since July, which was billed as a forum to discuss his separation from his business but quickly turned into a loud, wide-ranging free-for-all about U.S.

KUALA LUMPUR, Malaysia (AP) — Asian shares were mixed Thursday following President-elect Donald Trump 's press conference. Trump offered scant details on policies , disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus. KEEPING SCORE: Japan's benchmark Nikkei 225 shed 0.9 percent to 19,192.76. Hong Kong's Hang Seng dipped 0.1 percent to 22,916.85, and the Shanghai Composite was also down 0.1 percent at 3,133.80. Australia's S&P/ASX 200 added 0.2 percent to 5,784.40 and South Korea's Kospi gained 0.3 percent at 2,080.39.

Asian shares were mixed Thursday following President-elect Donald Trump 's press conference. Trump offered scant details on policies , disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus. less. DRUG MAKERS: Health care stocks fell after Trump said new bidding procedures are needed to stem rises in drug costs. Pharmaceutical company Endo International led the decliners in the Standard & Poor's 500 index, sliding 8.5 percent on Wednesday.

TRUMP NEWS: Trump's first news conference in nearly six months was an anti-climax, with scant details on his plans for infrastructure spending and tax reforms. Trump attacked U.S. intelligence services and big pharmaceutical companies, instead of outlining his platform. His comment that the government should change bidding procedures for the pharmaceutical industry "because they're getting away with murder," drove health care stocks lower

THE QUOTE: "It is what he didn't mention - fiscal stimulus — that worries market participants. The U.S. dollar rally was based on the assumption that Trump's administration will push through a massive infrastructure building and fiscal stimulus package, which will lead to higher inflation in the future," said Margaret Yang Yan, a market analyst with CMC Markets in Singapore. "The slump in the U.S. dollar index last night indicated that assumption is now unwinding because the president-elect never even mentioned that key word 'stimulus'."

DRUG MAKERS: Health care stocks fell after Trump said new bidding procedures are needed to stem rises in drug costs. Pharmaceutical company Endo International led the decliners in the Standard & Poor's 500 index, sliding 8.5 per cent on Wednesday. Thursday in Asia, Takeda Pharmaceutical fell 2.5 per cent, Eisai Co. fell 3 per cent and Chugai Pharmaceutical dropped 3.1 per cent.

ENERGY: Benchmark crude oil dipped 8 cents to $52.17 a barrel. It rose $1.43, or 2.8 per cent, to close at $52.25 a barrel in New York on Wednesday. Brent crude, which is used to price oil sold internationally, rose 1 cents to $55.01.

CURRENCIES: The dollar fell to 114.61 yen from 115.43 on Wednesday. The euro rose to $1.0603 from $1.0576.

Why Would Trump Want a Weaker Dollar? .
On Wednesday morning, currencies in emerging markets across Asia started to rise : The Chinese yuan and the Thai bhat hit two-month highs, while Taiwan’s dollar reached a three-month peak, according to Reuters. Meanwhile, the value of the U.S. dollar had dropped 1.3 percent on Tuesday, to its lowest point in a month.Those searching for an explanation didn’t have to look very hard. Over the weekend, President-elect Donald Trump delivered some remarks to The Wall Street Journal that took many by surprise. In response to a question about trade with China, Trump declared that the U.S. dollar is “too strong.

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