Asian Shares Lower Following the U.S. Lead

Trade in Asian equity markets was subdued on the final trading day of the week after underwhelming U.S. earnings results pulled the plug on Wall Street’s two-day rally.

Both the Dow and S&P 500 slipped overnight following disappointing quarterly earnings reports. Goldman Sachs saw a 21 percent drop in profit, while Citigroup posted lower-than-expected results.

Investors also digested comments from Federal Reserve Chairman Ben Bernanke, who said the central bank should be giving the economy the stimulus it needs despite worries that quantitative easing may destabilize the financial system.

CNBC

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