Reuters Australia
STOCKS NEWS ASIA-Shares seen down on disappointing U.S. data
Friday July 25, 11:09 AM
SYDNEY, July 25 (Reuters) - Asian stocks are set to open weaker on Friday after bleak U.S. economic data sparked a sell-off on Wall Street, while a drop in the dollar against the yen is likely to hit exporters such as Toyota Motor Corp 7203.T.
Data showed sales of existing U.S. homes dropped to a 10-year low, hitting U.S. financial firms, which have been battered by the housing slump, and pulling down the greenback versus the yen. [ID:nN24267606]
Higher oil prices may also raise concerns about the impact of rising costs on consumer sentiment and company profits, further dampening sentiment.
Asian stocks listed on Wall Street .BKAS lost 2.2 percent overnight, while the MSCI's measure of Asia Pacific stocks excluding Japan .MSCIAPJ rose 0.6 percent on Thursday.
HEADLINES: Wall Street tumbles, led by financials [nN24315900] US home sales at 10-year low, jobless claims jump [nN24267606] US banks primary borrowings from Fed biggest ever [nN24614623] Ford posts $8.7 billion second-quarter loss [nN24301386] Washington Mutual stock down on credit concerns [nN24333662] New York state sues UBS,alleges auction-rate fraud[nN24463237] CFTC charges fund with oil price manipulation [nN24506616] Oil rebounds from seven-week low [nSP130435] Baidu posts 87 pct profit gain, shares jump [nN23487124] CITIC eyes $10bln bid for Origin assets -report [nSYD151441]
KEY INDEXES pct change
Bank of New York Asia ADR index .BKAS -2.19
Dow Jones Industrial Average .DJI -2.43
Nasdaq Composite Index .IXIC -1.97
MSCI Asia Pacific ex-Japan .MSCIAPJ 0.58
Nikkei futures in Chicago 2NKc1 -0.41
Nikkei futures in Osaka JNIc1 -0.59
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC TSM.N2330.TW -2.56
Siliconware SPIL.O2325.TW -3.32
UMC UMC.N2303.TW -6.12
Infosys Tech INFY.OINFY.BO -5.40
AU Optronics AUO.N2409.TW -2.32
Top 5 performers: pct change
Advantest ATE.N6857.T 3.37
Mahanagar Tel MTE.NMTNL.BO 2.51
James Hardie JHX.N(ASX: JHX.ax) 2.18
Fujifilm FUJI.O4901.T 2.04
NTT Docomo DCM.N9437.T 1.41
Bottom 5 performers: pct change
ICICI Bank IBN.NICBK.BO -10.59
HDFC Bank HDB.NHDBK.BO -8.27
Tata Motors TTM.NTAMO.BO -6.70
Kookmin Bank KB.N060000.KS -6.55
Tom Online TOMO.O8282.HK -6.26
TOP ASIA EVENTS:
For more Asian company earnings, see [ASIA/EQTY]
JAPAN - Honda Motor Co 7267.T Q1 results
SEOUL - Earnings: Samsung Electronics Co Ltd 005930.KS KT Corp 030200.KS, KTF Co Ltd 032390.KS
TAIPEI - Central Bank announces M2 money supply figure for June (Reporting by Geraldine Chua; Editing by Anshuman Daga)
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