Tuesday, 23 May 2017

Asian markets trade sideways following Wall Street gains

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Asian markets traded sideways on Tuesday, after major indexes on Wall Street closed in the green and on headlines out of the UK of a deadly explosion at a concert venue in Manchester.

Nineteen people were reported dead following a blast at the Manchester Arena in northern England where US singer Ariana Grande had been performing. The UK police are treating the blast as a terrorism incident.

The safe-haven yen climbed after news of the bombing. The dollar was fetching as little as 110.84 yen down from around 111.34 yen earlier. At 9:00 a.m. HK/SIN, the dollar was fetching 111.13 yen.

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