Japan's Nikkei Stock Average was flat, Australia's S&P/ASX 200 slid 1.1%, South Korea's Kospi Composite fell 0.9%, China's Shanghai Composite Index was 0.7% lower, Hong Kong's Hang Seng Index fell 0.6% and India's Sensex was flat.
Dow Jones Industrial Average futures were down twenty three point in screen trade. 1pm December 28, 2011.
Energy-related firms in the region traded flat to lower despite oil futures on Tuesday settling above the key $100 a barrel level for the first time in two weeks during U.S. trading, as Iran threatened to close the Strait of Hormuz—a vital crude-shipping route—if Western nations sanctioned its oil exports.
Inpex fell 0.7% in Tokyo, SK Innovation was flat in Seoul, PetroChina was off 0.1% in Shanghai, Cnooc fell 0.7% in Hong Kong, while Woodside Petroleum lost 0.6% in Sydney.
February Nymex crude oil futures were recently down 10 cents at $101.44 a barrel on Globex.
Investors were also cautiously eyeing the bond auction in Italy—the world's third largest bond market—later in the day as a gauge of whether distressed government bonds will be purchased by European banks after the European Central Bank's cash infusion last week.
The single currency was at $1.3069 against the greenback from $1.3068 late on Tuesday in New York and at ¥101.67 against the yen from ¥101.77. The dollar was at ¥77.79 from ¥77.89.
Spot gold was at $1,588.30 per troy ounce, down $4.00 from its previous settlement.
Dow Jones Industrial Average futures were down twenty three point in screen trade. 1pm December 28, 2011.
Energy-related firms in the region traded flat to lower despite oil futures on Tuesday settling above the key $100 a barrel level for the first time in two weeks during U.S. trading, as Iran threatened to close the Strait of Hormuz—a vital crude-shipping route—if Western nations sanctioned its oil exports.
Inpex fell 0.7% in Tokyo, SK Innovation was flat in Seoul, PetroChina was off 0.1% in Shanghai, Cnooc fell 0.7% in Hong Kong, while Woodside Petroleum lost 0.6% in Sydney.
February Nymex crude oil futures were recently down 10 cents at $101.44 a barrel on Globex.
Investors were also cautiously eyeing the bond auction in Italy—the world's third largest bond market—later in the day as a gauge of whether distressed government bonds will be purchased by European banks after the European Central Bank's cash infusion last week.
The single currency was at $1.3069 against the greenback from $1.3068 late on Tuesday in New York and at ¥101.67 against the yen from ¥101.77. The dollar was at ¥77.79 from ¥77.89.
Spot gold was at $1,588.30 per troy ounce, down $4.00 from its previous settlement.
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