Shares in Asia show mixed performance

Shares in Asia show mixed performance

On Friday, Asian shares demonstrated mixed performance with traders waiting for word from the BOJ on the scope for further monetary easing.  

The Nikkei 225 soared 0.24% ahead of the latest monetary policy review by the BOJ, while the S&P/ASX index headed north 0.04%.

In China, stocks dipped even as financial experts told that the banking regulator's proposals to restrict investment in equities across wealth-management products will have rather a limited effect on money flowing into the stock market.

The Shanghai Composite Index edged down 0.14%, while in Hong Kong the Hang Seng Index last traded at 0.52%.

Overnight, American shares mostly stood still on Thursday, being in tight, range-bound trade, because a downbeat quarter from Ford Motor Company as well as ongoing drops in crude prices compensated momentum from decent results in the technology sector on the busiest day of second quarter earnings season.

The Dow Jones Industrial Average sagged 15.82, showing a 0.09% dip and hitting 18,456.35. 

FTSE 100 drops as Shell, Lloyds sag after earnings reports

Yesterday, British blue-chip shares went down as market participants absorbed a storm of corporate earnings updates with stocks of Royal Dutch Shell PLC as well as Lloyds Banking Group PLC dropping after their data.

The FTSE 100 tumbled 0.1%, being worth 6,746.48, though it had been down by more during the early trading session On Wednesday, the index closed +0.4%, hitting 6,750.43, the best outcome since last August.

The prospect of the US interest-rate hike was helping to get the London benchmark out from that 2016 peak. Late Wednesday, the Fed kept the door open for an interest-rate lift in September, stressing that near-term risks to its outlook have decreased.

Shell stocks sagged 3.2% after the crude major reported a dip in its second-quarter revenue, telling that lower crude prices still remain a serious challenge across the business, especially in the upstream. Its adjusted revenues of $1.05 billion dipped short of a $2.27 billion forecast drawn from a Wall Street Journal survey of experts. 

Bazooka

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