Market Report - Asian Shares Steady
2009-11-03 10:44
Asian stock markets were steady ahead of several big central bank meetings this week… while the U.S. dollar slid against Asian currencies, pushing gold prices to a near record high.
Seoul shares edged lower, dragged down by techs and banks.
Japan's market was closed for a public holiday.
China Merchants Securities will launch an initial public offering that could be worth $1.5 billion or more in Shanghai this week… as regulators resume approving big IPOs.
Elsewhere, Australia's central bank raised interest rates for a second straight month… as it moved to gradually lessen stimulus in an improving economy.


