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Markets roiled by fresh US sanctions on Russia

Published on NewsOK Modified: July 17, 2014 at 11:03 am •  Published: July 17, 2014
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Traders hammered Mattel and AutoNation after the companies reported disappointing results, while homebuilders sank on news that home construction slowed sharply last month. Over the rest of the week, earnings reports from Google and IBM are key events investors will monitor.

Earlier in Asia, most of the region's markets finished in negative territory or were little changed. Tokyo's Nikkei 225 closed 0.1 percent lower at 15,370.26 and China Shanghai Composite declined 0.6 percent to 2,055.59. Hong Kong's Hang Seng and Sydney's S&P/ASX 200 were little changed.

South Korea was the only major market that finished higher. The Kospi in Seoul rose 0.4 percent to 2,020.90. The market was boosted by expectations that the country's new pro-growth finance minister would introduce measures to ease housing market regulations and encourage domestic spending.

Elsewhere, trading was muted, with the euro flat at $1.3526 and the dollar down 0.3 percent at 101.36 yen.