Asian Stocks Mixed After Wall St Rise, Iran Nuclear Pact

By
A A A

Asian shares were mixed after gains made on Wall Street on Friday and a nuclear pact with Iran.

Crude prices dropped after Iran vowed to curb nuclear activities in exchange for sanctions relief during negotiations in Geneva early on Sunday.

Japanese exporter shares rose as the yen fell to the lowest level in nearly six months against the US dollar.


Bank of Japan Gov. Haruhiko Kuroda conceded Monday that achieving the bank's 2% inflation target is "very ambitious," given Japan's 15 years of deflation, but said progress has been made toward the goal, with the economy recovery moderately. He said he expects to hit that inflation goal sometime in late fiscal year 2014 or early fiscal year 2015.

In ADR news, Sinopec Shanghai Petrochemical ( SHI ) rises although the Chinese government launched a safety investigation at oil and gas pipelines following an explosion at the company's Qingdao pipeline last week, which was reported to be the firm's deadliest known accident.

China Petroleum & Chemical Corp. ( SNP ) saw explosions at an oil pipeline owned by the firm in the eastern Chinese city of Qingdao killed 52 people.

The Nikkei ended up 1.54% at 15,619.13, the Hang Seng down 0.05% at 23,684.45 and Shanghai down 0.47% at 2,186.12.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: SHI , SNP

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

67%
100%

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com