Asian markets take Nasdaq cost problem in stride


Asia equities were choppy on Tuesday as energy stocks advanced as oil hovered at a three-week high, but with stocks brushing off an evident Nasdaq rate problem.

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A host of Nasdaq-listed stocks were all set at $123.47 a share, relatively owing to a computer system problem, seeing Apple stocks take a dive while Zynga soared more than 3,000 percent.

A host of Nasdaq-listed stocks were all set at $123.47 a share following a problem that saw test information used as live costs. This led to a dive for Amazon and Apple while Zynga soared more than 3,000 percent.

In after-hours trading on the eve of the United States Independence Day vacation, information from a number of sources reported business consisting of Apple, Amazon, Zynga, eBay, Microsoft and Bed Bath & Beyond were all trading at $123.47. This saw Amazon’s share cost drop 87.2 percent with Apple down 14.3 percent.

A Nasdaq spokesperson stated a variety of third-party information suppliers had actually taken regular test information and reported that as the real rate.


Asia equities put in a blended performance, with Australia’s S&P/ ASX 200 up 1.6 percent as the monetary sector increased 2.2 percent ahead of the Reserve Bank of Australia’s choice on rates of interest later Tuesday. In Japan, the Topix index was flat with the energy sector up 1.3 percent a day after Brent unrefined notched its longest winning streak in 5 years.

In Hong Kong the Hang Seng index was down 1.1 percent with the energy sector the sole intense area, up 2.7 percent. In China the Shanghai Composite was down 0.4 percent while the Shenzhen Composite was off 0.3 percent.


The dollar index, which determines the greenback versus a basket of peers, was 0.1 percent weaker after reinforcing 0.6 percent in the previous session.

The Australian dollar was 0.2 percent more powerful versus its United States equivalent at $0.7677 ahead of the choice from the RBA, which is anticipated to stand pat at 1.5 percent.

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The 10-year United States Treasury yield, which moves inversely to rate, was up 4.6 basis points at 2.350 percent.

The yield on 10-year Australian federal government bonds was down 0.1 bp at 2.663 percent, hovering at an eight-week high as financiers waited to see if the reserve bank would follow other international reserve banks in embracing a more hawkish tone.


Brent petroleum, the international standard, slipped 0.5 percent to $49.42 a barrel, still hovering around three-week highs. Oil taped its 8th succeeding bear down Monday, the longest winning streak in 5 years.

West Texas Intermediate, the United States marker, was down 0.5 percent at $46.83.

Gold was up $2.91, or 0.2 percent, at $1,223.11 an ounce after moving 1.5 percent on Monday to an eight-week low.