Thursday, 15 October 2015

Asian stocks advance; Kospi widens gains after BOK decision

Asian stocks moved higher early Thursday, shrugging off a tepid open brought about by an unimpressive lead from offshore markets. Wall Street finished in the red overnight, as investors digested mixed results from the banking sector as well as the release of lower-than-expected sales forecasts for fiscal 2016 by Wal-Mart. The Dow Jones Industrial Average dropped nearly 1 percent, ending below the psychologically key level of 17,000 for the first time since October 7, on the back of declines in Wal-Mart and Boeing. The S&P 500 and Nasdaq Composite ended 0.5 and 0.3 percent lower respectively.

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