Wednesday, 5 August 2015

Asian Market Update By Maketmagnify

Asian shares turned mostly higher early Wednesday, as a stabilization in energy prices helped to offset the uninspiring lead from Wall Street. Overnight, US stocks chalked up a three-session losing streak as investors worried about an eventual hike in US interest rates, while Apple's shares hit their lowest in over six months.

 The blue-chip Dow shed 0.3 percent, while the S&P 500 and Nasdaq Composite slipped 0.2 percent each. For the day, investors may turn their attention to the China Caixin General Services Purchasing Managers Index (PMI) due at 9.45 local time.

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