Friday 22 July 2016

Asia lower; Nikkei Down 0.9%, Kospi Drops 0.2%, ASX 0.1% lower

Asia markets opened lower on Friday, following losses in the US as oil prices weighed and the market consolidated ahead of next week's Fed meeting. Australia's benchmark ASX 200 was down 0.11 percent, with the energy sector dropping 0.61 percent in early trade. 

In South Korea, the Kospi was down 0.16 percent. The Nikkei 225 in Japan was down 0.93 percent, with stocks likely under pressure from a relatively stronger yen.

The Japanese yen strengthened against the dollar overnight, with the currency pair trading at 105.79 on Friday morning, compared to levels near 107.15 traded on Thursday afternoon local time and near 100 two weeks earlier. 


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