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Published: Sunday 18 August, 2013

shoes online shoes online ?Asian stocks mostly lower in lackluster trade

home shoes online price data later in the day.

Investors, with little news to focus on during the holiday period, are still bogged down by fears over the effect of the rate hike announced over the weekend, analysts said.

I think its a sudden attack by bears in a very quiet situation, said Alex Wong, d shoes online irector at Ample Financial Group. Sentiment was still cautious, people are still liquidating mainland banks and also mainland automobile stocks. Mainland property stocks remain weak as well.

Higher interest rates would make it more expensive for people to borrow money to buy homes. China auto stocks have been dragged down in recent days after an announcement last week that trafficclogged Beijing would sharply limit new vehicle registrations.

Markets are swinging in wide ranges because very few trades are being done, Wong said.

A few big orders can move the market right now.

Chinas Shanghai Composite Index fell 1.3 percent to 2,744.41 while Hong Kongs Hang Seng index shed 1 percent to 22,617.01 in the morning session. Japans benchmark Nikkei 225 stock average declined 44.25 points, or 0.4 percent, to 10,311.41.

Elsewhere, South Koreas Kospi rose 0.8 percent to 2,039.06. Shares in Singapore, shoes online Thailand and India were marginally higher. Markets in Australia and New Zealand were closed for the Boxing Day holiday officially observed Tuesday.

The Dow Jones industrial average slipped 18.46 points, or 0.2 percent, to 11,555.03 Monday. Trading was thin as many traders stayed home because of the heavy snow. The techheavy Nasdaq composite index was marginally up 1.7 points to 2,667.27. shoes online