Most Asian stocks declined as Wall Street shares fell from record highs; euro rises ahead of ECB's meeting

The majority of Asian stocks crossed to the red zone on Thursday as Wall Street shares dropped from record highs. The euro continued to gain ahead of the European Central Bank policy meeting.

MCSI’s extensive index of Asia-Pacific shares out of Japan fell by 0.5 percent. Australian stocks went down 0.2 percent while South Korea’s KOSPI.KS11 declined by 0.1 percent.

Nikkei 225 of Japan, in contrast, was able to continue its 16 day winning streak and climbed up by 0.35 percent.

U.S. stocks dipped on Wednesday on a series of mediocre quarterly earnings, the .DJI enduring the worst day in seven weeks following its rise to a record peak during the previous session.

Meanwhile on the forex market, the euro recorded a six day high of $1.1820 while the dollar fell 0.1 percent versus its Japanese counterpart closing at 113.605 yen.

The dollar index fell by 0.1 percent at 93.601, the lowest point in six days.

Gold went up as the dollar was losing ground

On Thursday, gold prices went up following a 2-½ week low reached during the previous session while the dollar was weakening ahead of a key ECB meeting later in the day.

Spot gold increased by 0.1 percent closing at $1,278.61 per ounce by 00:42 GMT. It reached $1,272 per ounce during the previous session, its lowest since October 6.

U.S. gold futures for delivery in the month of December gained 0.1 percent climbing to $1,280.20 per ounce.
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