WELLINGTON: Asian stocks are seen struggling to back up the previous session's strong gains on Friday, Oct 15 as Wall Street was weighed down by bank worries.
The main Wall Street indexes ranged between flat and 0.4 percent lower, as investors grew nervous over the potential of a spreading foreclosure crisis.
Banks were lower, with the KBW bank index <.BKX> down 2.6 percent as all 50 U.S. states are investigating the mortgage industry, prompting fears for the outlook for bank profits.
Google Inc gained more than 9 percent in extended trading after its quarterly profit was above Wall Street's expectations.
Asian stocks listed on Wall Street <.BKAS> rose 0.66 percent.
British <.FTSE> shares fell 0.4 percent while European <.FTEU3> shares dipped 0.2 percent, as investors fretted the sector could see a flurry of rights issues after Standard Chartered's $5.3 billion issue.
The U.S. dollar continued its weak run to hit a 2010 low against a basket of currencies <.DXY>, as the Australian dollar came within a whisker of parity.
Asian bourses had a strong day on Thursday, as the falling U.S. dollar fuelled a rally in commodity prices <.CRB>.
But Japanese markets are seen making a cautious start on Friday, with Nikkei futures trading in Chicago <2NKc1> 15 points above the last closing level in Osaka.
Australian shares are also seen with a tough start, with share index futures down 10 points to 4700, in line with the underlying S&P/ASX 200 index <.AXJO>. - Reuters
The main Wall Street indexes ranged between flat and 0.4 percent lower, as investors grew nervous over the potential of a spreading foreclosure crisis.
Banks were lower, with the KBW bank index <.BKX> down 2.6 percent as all 50 U.S. states are investigating the mortgage industry, prompting fears for the outlook for bank profits.
Google Inc
Asian stocks listed on Wall Street <.BKAS> rose 0.66 percent.
British <.FTSE> shares fell 0.4 percent while European <.FTEU3> shares dipped 0.2 percent, as investors fretted the sector could see a flurry of rights issues after Standard Chartered's $5.3 billion issue.
The U.S. dollar continued its weak run to hit a 2010 low against a basket of currencies <.DXY>, as the Australian dollar
Asian bourses had a strong day on Thursday, as the falling U.S. dollar fuelled a rally in commodity prices <.CRB>.
But Japanese markets are seen making a cautious start on Friday, with Nikkei futures trading in Chicago <2NKc1> 15 points above the last closing level in Osaka
Australian shares are also seen with a tough start, with share index futures
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