Asian Stocks Fall

Beijing, Asian stock markets gave up early gains Monday after Wall Street turned in its fifth straight weekly gain.
The Shanghai Composite Index rose 0.8% to 3,428.07 after a survey showed growth in manufacturing held steady in August at the previous month’s rate. But it later fell back, shedding 0.2% to 3,395.68.
The Nikkei 225 in Tokyo advanced 1.1% to 23,139.76, rebounding from heavy selling Friday.
The Hang Seng in Hong Kong slipped to 25,292.81 while the Kospi in Seoul retreated 1.2% to 2,326.17. Sydney’s S&P-ASX 200 was little-changed at 6,074.30.
India’s Sensex opened up 0.5% but then retreated, losing 0.6% to 39,220.21. New Zealand, Jakarta and Singapore also retreated, AP reported.
Benchmark U.S. crude oil gained 12 cents to $43.09 per barrel in electronic trading on the New York Mercantile Exchange. The contract slipped 7 cents on Friday to settle at $42.97. Brent crude, the international standard, rose 22 cents to $46.03 per barrel in London.
The dollar edged up to 105.57 yen from Friday’s 105.55. The euro edged down to $1.1903 from $1.1918.


Source: Saudi Press Agency

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