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Asian shares manage to recover early losses on Monday Updated: 2016-01-18 15:35:34 KST

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Asian shares manage to recover early losses on Monday Updated: 2016-01-18 15:35:34 KST
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저작자 미상 (저작물 2267374 건)
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KOGL 출처표시, 상업적, 비상업적 이용가능, 변형 등 2차적 저작물 작성 가능(새창열림)
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2016-01-18
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Markets in Asia regained some losses earlier on Monday. Japan's Nikkei closed down just over one percent after falling more than two percent. Korea's benchmark Kospi also erased losses in the morning hours‚ edging down a mere zero.zero-2 percent. The slide of Asian shares at market opening came on the back of a big sell-off on Wall Street on Friday when Standard and Poor's 500 Index hit a 15-month low. The recovery later in the day is partly attributed to Chinese shares closing up about half-a-percent after also experiencing a volatile session. (Korean- ) "China's stock market rose slightly‚ and relieved fear over uncertainties coming from China." ( . But‚ whether such recovery in the markets will continue remains to be seen‚ with global oil prices extending their decline after international sanctions on Iran were lifted. Iran is gearing up to expand output and exports by 500-thousand barrels a day. Due to concerns of oversupply and weakening demand‚ Brent oil traded down around 2-and-a-half percent at slightly above 28 dollars a barrel‚ after reaching the lowest level since 2003 of below 28 dollars a barrel in the morning. And experts say the trend is likely to persist for the time being. "Worries about Chinese market volatility and the Federal Reserve's projection for four rate hikes this year remain." ( 12 4 ) The U.S. Fed raised its interest rate for the first time in nearly a decade in December last year‚ stoking concerns of massive capital outflow from emerging nations. Hwang Ji-hye‚ Arirang News. Reporter : emilyfwang@arirang.co.kr
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