ASIA MARKETS MOSTLY DOWN AFTER RALLY, DOLLAR WEAKENS

IN EARLY EUROPEAN TRADE LONDON LOST 0.3 PERCENT WHILE FRANKFURT AND PARIS EACH LOST 0.4 PERCENT.

WELLINGTON TUMBLED 1.4 PERCENT, HIT BY A 10 PERCENT DIVE IN MARKET GIANT FLETCHER BUILDING, WHICH CUT ITS PROFIT FORECAST CITING HUGE LOSSES ON A KEY CONSTRUCTION PROJECT.

Commitments of support to the existing multilateral trade system, including the World Trade Organization, were also conspicuously missing from the final communique from the finance ministers' gathering at the weekend.
Wellington tumbled 1.4 percent, hit by a 10 percent dive in market giant Fletcher Building, which cut its profit forecast citing huge losses on a key construction project.
In early European trade London lost 0.3 percent while Frankfurt and Paris each lost 0.4 percent.

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Article ID: 144308 Date: 20th March, 2017 Social: 0
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