Global shares slip after Wall Street fall and Samsung arrest
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TOKYO — Global shares slipped Friday following a drop on Wall Street as the stronger dollar sent Japanese issues lower and the arrest of an executive at Samsung weighed on Korean stocks.
KEEPING SCORE: France's CAC 40 slipped nearly 0.2
ASIA'S DAY: Japan's benchmark Nikkei 225 lost 0.6
THE QUOTE: "The future outlook is clouded by rising political uncertainties and waves of anti-globalization sentiments from the U.S. and Europe. As U.S. reaches full employment and approaches closer to the Fed's inflation target, a tighter Federal monetary policy is expected to lead to a stronger US dollar in the months ahead. This might worry investors," says Margaret Yang Yan, market analyst at CMC Markets in Singapore.
SAMSUNG WOES: A South Korean court approved the arrest of a billionaire heir to Samsung accused of bribery and other related crimes, a stunning development for the nation's richest family. The news of the arrest of Lee Jae-yong, vice chairman at Samsung Electronics and son of Samsung chair Lee Kun-hee, sent Samsung Electronics stock down by more than 1
ENERGY: Benchmark U.S. crude rose 9 cents to $53.45 a barrel in New York. It rose 25 cents to settle at $53.36 per barrel Thursday. Brent crude, the international standard, added 14 cents to $55.79 a barrel.
CURRENCIES: The dollar fell slightly to 113.40 yen from 113.61 yen late Thursday. The euro rose to $1.0657 from $1.0635.
Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama
Her work can be found at http://bigstory.ap.org/content/yuri-kageyama