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Asian Stocks Edge Up; US Oil Futures Plunge

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Asian Stocks Edge Up; US Oil Futures Plunge

December 23
18:47 2013

asian shares new 2Sydney, Friday, December 23 – Being pushed by all-time peaks on Wall Street, Asian stocks move stealthily but guardedly up on the first working day of the week, despite a continuing credit squeeze in China produced a little ambiguity while increasing pressure on rising market currencies.

Decreasing the fallout across the area, stocks in Shanghai coped to rebound 0.4 percent. At the same time as S&P 500 futures augmented 0.3 percent, chief index of South Korea boosted 0.6 percent. Positive statistics on US economic expansion and the flexibility of stocks to verdict of the Federal Reserve to start downsizing its bond purchase stimulus strengthened the sentiment.

At the same time as the S&P 500 Index increased by 0.48 percent, the Dow Jones finished higher by 0.26 percent on December 20 on the Wall Street. Besides, on December 20, uncertainties in relation to the banking system added to a plunge of 2 percent in Shanghai shares.

Being over the augments of more or less 3 percent in the previous week, Brent crude was higher a cent on today at $111.78 per barrel. On the other hand, by 12 cents, US oil futures plunged to $99.20.

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