WELLINGTON: Asian stocks are expected to open lower on Wednesday, Nov 10 as U.S. shares fell for a second straight session, led by sharp losses for metals and banking firms.
The main Wall Street indexes closed between 0.5 and 0.8 percent lower as selling gathered pace late, after metals stocks gave up early gains as the price of gold and silver fell sharply.
An index of gold and silver miners' shares <.XAU> fell 2.6 percent after hitting an all-time high earlier in the day.
Financial stocks, which have been top gainers in the past few sessions, extended the previous day's fall as interest rates rose late in the session.
The U.S. dollar's renewed strength also weighed as investors sought its safe-haven status amid concerns about the fiscal health of the euro zone. [USD/]
Asian stocks listed on Wall Street <.BKAS> fell 1.27 percent.
UK shares <.FTSE> rose 0.4 percent, just below 29-month highs, on the back of solid company results. European shares <.FTEU3> closed at their highest level in more than two years boosted by corporate results and improved hopes of global recovery.
Japanese stocks are seen opening higher, after the market eased 0.4 percent on Tuesday from a three-month closing high on profit taking in thin market conditions.
The U.S. dollar's 1 percent gain against the yen may bolster exporter sentiment. Nikkei futures traded in Chicago <2NKc1> were 55 points above the last closing level in Osaka .
Australian shares are set for a cautious start on Wednesday, as Wall Street inched down and global miner BHP Billiton is expected to open around 0.7 percent higher after a gain in its U.S. ADRs .
Share price index futures rose 0.1 percent to 4,758.0, a 18.3-point premium to the underlying S&P/ASX 200 index <.AXJO>. - Reuters
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The main Wall Street indexes closed between 0.5 and 0.8 percent lower as selling gathered pace late, after metals stocks gave up early gains as the price of gold and silver fell sharply.
An index of gold and silver miners' shares <.XAU> fell 2.6 percent after hitting an all-time high earlier in the day.
Financial stocks, which have been top gainers in the past few sessions, extended the previous day's fall as interest rates rose late in the session.
The U.S. dollar's renewed strength also weighed as investors sought its safe-haven status amid concerns about the fiscal health of the euro zone. [USD/]
Asian stocks listed on Wall Street <.BKAS> fell 1.27 percent.
UK shares <.FTSE> rose 0.4 percent, just below 29-month highs, on the back of solid company results. European shares <.FTEU3> closed at their highest level in more than two years boosted by corporate results and improved hopes of global recovery.
Japanese stocks are seen opening higher, after the market eased 0.4 percent on Tuesday from a three-month closing high on profit taking in thin market conditions.
The U.S. dollar's 1 percent gain against the yen
Australian shares are set for a cautious start on Wednesday, as Wall Street inched down and global miner BHP Billiton
Share price index futures
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