Asia shares mostly down after Wall St record
Friday, 6 June 2014
Asian shares mostly fell Friday despite another record close on Wall Street after the European Central Bank unveiled a batch of measures to kick-start the stuttering eurozone economy, including negative interest rates.
The euro edged down from its New York prices but was still up from those levels seen in Asia earlier Thursday despite the ECB's unprecedented easing drive.
Tokyo was flat, dipping 2.13 points to 15,077.24 and Sydney rose 0.5 percent, or 27.1 points, to 5,464.0.
Shanghai fell 0.54 percent, or 10.92 points, to 2,029.96 and Hong Kong shed 0.69 percent, or 158.66 points, to 22,951.00.
Seoul was closed for a public holiday.
New York stocks rallied after the ECB said it would slash interest rates and provide hundreds of billions of euros to banks in a bid to fight off deflation and spur economic growth.
After a closely watched policy meeting, it announced its deposit rate would be cut to -0.10 percent. This means banks will be charged for leaving funds at the ECB in the hope they might lend it on to businesses and consumers instead, according to AFP.