Sri Lanka *market update* ASPI close higher 0.04-pct, Low turnover

ASPI closed at 6,530.50, higher 2.47 points or 0.04 percent with gains in some telecom stocks, brokers said. Turnover was 276 million rupees. 

Asian stocks were on the decline for a second day, following losses in global markets and commodity prices. The MSCI Asia Pacific Index slipped 0.8 percent to 130.60. Japan’s Topix index slid 0.8 percent while South Korea’s Kospi index dropped 0.3 percent. Australia’s S&P/ASX 200 Index declined 1.1 percent and New Zealand’s S&P/NZX 50 Index retreated 0.1 percent. Markets in China and Taiwan remain shut for a holiday.

In Oil –  West Texas Intermediate crude for July delivery fell 0.1 percent in early Asian trading, heading for its second day of declines.