Light Volumes: Percent and Wall Street

light volumes: S&P said it expected shareholder equity to drastically shrink, eroding the conglomerate's financial resilience, according to Global Times China. Moves elsewhere were more modest. Japan's Nikkei shed 1.3 percent as the yen firmed and Toshiba Corp dived 16 percent after news of potential massive writedowns led to a downgrade of its credit ratings. Australia's main index recouped losses to finish flat at a 17-month peak. The pullback on Wall Street came amid light volumes and likely reflected caution about what the new year might bring, given Wednesday was the first session when trades actually settle in January. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.19 percent. (news.financializer.com). As reported in the news.