European Stocks Seesaw as North Korea Risks Return

European stocks struggled for direction on Wednesday, as traders weighed the return of concerns over North Korea against a batch of upbeat corporate news.

Eurozone inflation data confirmed consumer prices rose 1.2% last month, meeting forecasts.

The Stoxx Europe 600 index fell 0.1% to 392.14, after closing with a 0.1% gain on Tuesday.

The U.K.A?ai??i??ai???s FTSE 100 index rose 0.1% to 7,728.03, on track for its highest close since Jan. 16, according to FactSet data.

FranceA?ai??i??ai???s CAC 40 index dropped 0.2% to 5,543.61, while GermanyA?ai??i??ai???s DAX 30 index gave up 0.1% to 12,961.62.

Source : Marketwatch

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Tokyo Stocks End see-saw Session Higher, Toshiba Dives

Tokyo stocks ended a seesaw session in positive territory Tuesday, following record closes on overseas markets and a rally in oil prices, but Toshiba dived after warning of huge losses.

The benchmark Nikkei 225 gained 0.25 percent, or 49.97 points, to close at 19,919.82, while the Topix index of all first-section issues ticked 0.27 percent, or 4.23 points, higher to 1,584.23.

Source : AFP

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Hong Kong stocks seesaw as Lenovo jumps, airlines tumble

Hong Kong stocks swung between slim gains and losses Tuesday morning, with the Hang Seng Index inching down 0.1% after small gains at the open.

Major energy plays posted a broad advance after global crude-oil prices moved sharply higher overnight. Cnooc Ltd rallied 3.3%, China Petroleum & Chemical Corprose 1.5%, and PetroChina Co added 1%. However, the resulting upward pressure on fuel prices sent airlines falling across the board, as China Southern Airlines Co dropped 4.7%, China Eastern Airlines Corp slid 3.8%, Air China Ltd, and Hong Kong-based Cathay Pacific Airways Ltd dropped 1.8%.

Chinese computer maker Lenovo Group Ltd surged 8.1% despite its third-quarter net profit falling 4.5% year-on-year, as the result was better than market forecasts and the weakness mostly due to U.S. acquisitions. Casino stocks mostly rebounded after previous heavy losses, shrugging off an eighth consecutive month of declines in Macau gambling revenues in January. Wynn Macau Ltd headed 1.4% higher, Sands China Ltd improved by 0.9%, Galaxy Entertainment Group Ltd tacked on 0.7%, and Melco Crown Entertainment Ltd moved up 0.4%, although MGM China Holdings Ltd MCHVF, declined 1.4%.

Mainland Chinese banks were mixed despite reports saying the central bank injected fresh liquidity into the markets via reverse repurchase Tuesday morning.

Bank of Communications Co fell 0.5%, while China Minsheng Banking Corp, rose 0.3%. Over on the mainland, the Shanghai Composite Index gained 0.6%, looking to possibly break its five-day losing streak.

Source: MarketWatch

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