Asian shares decline as Japan erase gains after Abe testimony

Note: This section contains information in English only.
Source: Bloomberg
Asian shares declined, impacted by Japanese equities after Shinzo Abe's testimony, where he talked about his economic growth model. Stocks also slid on expectations that the Fed may taper the stimulus package as the U.S. economy grows. Japan's Topix index slipped 1.4%, erasing a gain of 1.2%, while the MSCI Asia Pacific Index fell 0.9% to 133.44 at 1:59 p.m. Tokyo time.
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Wed, 05 Jun 2013 07:53:09 GMT

Gold advances above $1,400 as drop in shares increases demand

Gold bounced off and traded above $1,400 an ounce as equities tumbled and the greenback's advance halted, spurring demand for the metal. Spot gold climbed 0.7% to $1,408.50 an ounce and touched $1,405.06 as of 2:12 p.m. Singapore time. The yellow metal for August delivery added 0.5% to $1,404.20 an ounce on the Comex.

Wed, 05 Jun 2013 07:16:04 GMT

Australian Dollar depreciates against New Zealand Dollar

The Aussie fell for a second day in a row versus the kiwi after Australia's growth slowed to the lowest level in almost 24 months, boosting the Reserve Bank borrowing cost cut expectations. The Australia's currency slipped 0.5% to NZ$1.1983 at 3:02 p.m. Sydney time, while it lost 0.1% to 96.42 U.S. cents. The New Zealand's Dollar appreciated 0.3% to

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