World News – AU – Australia Leads Losses in Mixed Asia-Pacific Trading Day After Wall Street Fall

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SINGAPORE â ???? Stocks in Asia-Pacific fell on Thursday after an overnight drop on Wall Street as coronavirus cases continue to rise in the West

The sustained increase in coronavirus cases observed in the US as well as across Europe, probably weighed on investor sentiment in Asia-Pacific on Thursday

Australian stocks caused losses in key markets in the region, with the S&P / ASX 200 falling 161% to close at 596030

South Korea’s Kospi lost 079% on the day to 232667 Shares of industry heavyweights Samsung Electronics fell 153% after the firm predicted lower fourth-quarter profits on Thursday

In Hong Kong, the Hang Seng index fell 049% to end its trading day at 2458660

Standard Chartered shares listed in the city fell 314% after the lender announced a 40% year-over-year drop in pre-tax profit for the three months ended September 30

« Falling interest rates continue to impact revenues, but we remain well positioned to meet our financial goals, albeit with some delay, » said Bill Winters, CEO of Standard Chartered , in the results press release

Mainland Chinese stocks held up to the overall regional trend by rising on that day, with the Shanghai composite 011% higher at around 327,273 while the Shenzhen component rising 0983% to around 1351966

In Japan, the Nikkei 225 declined 037% to close at 2,333,194 as the Topix index lost 01% to end its trading day at 161,093 Shares of Sony, however, jumped 669% after the company raised its annual profit outlook

Meanwhile, as risk sentiment continued to weigh on investors, the dollar was still at high levels from the start of the week, while spot gold continued to fall

The US dollar index, which tracks the greenback against a basket of its peers, was at 93,512 next levels below 932 seen earlier this week The dollar is often seen as a safe haven in times of uncertainty

Spot gold was at $ 1,87841 an ounce, after falling from the $ 1,900 level earlier this week

The Japanese yen was trading at 10423 per dollar, after breaking the 1048 levels against the greenback earlier this week

The Bank of Japan maintained its monetary policy on Thursday, in a widely anticipated move In the central bank’s quarterly report, its median forecast for real GDP was revised down to 5, 5% lower during the fiscal year 2020 This compared to a median expectation of 4 7% drop forecast in the previous report in July

Japan’s retail sales fell 87% in September from a year earlier, according to the Ministry of Economy, Trade and Industry’s preliminary report on the current trade survey released Thursday That compared to a median market forecast for a 7% drop, according to Reuters

Markets in the United States saw a massive selloff overnight The Dow Jones Industrial Average fell 94,324 points, or 34%, to close at 2,651,995 â € “ its fourth consecutive negative session The S&P 500 slipped 35% to end its trading day at 327103 as the Nasdaq Composite fell 37% to close at 11.00487

Tuesday was the third day in a row the US set a record for average daily Covid-19 cases In Europe, Germany and France on Wednesday announced tough new restrictions on businesses in a bid to stem the spread of the coronavirus as countries face worsening epidemics

« The failure to control the ‘second wave’ epidemic which has led to the reimposition of stricter social restrictions in Europe (spearheaded by Germany and France) is causing serious concern over the fact that the United States and the United Kingdom, with a similar pattern of resurgence will have to follow suit, ”wrote Vishnu Varathan, head of economics and strategy at Mizuho Bank

Oil prices fell during afternoon trading hours in Asia, international benchmark Brent futures down 084% to $ 3879 per US barrel Crude futures fell dipped 078% to $ 37 10 per barrel

Data is a real-time snapshot * Data is delayed by at least 15 minutes Global business and financial news, stock prices, market data and analysis

Asia, Asia-Pacific

World News – AU – Australia Leads Losses in Mixed Asia-Pacific Trading Day After Wall Street Fall



SOURCE: https://www.w24news.com/news/world-news-au-australia-leads-losses-in-mixed-asia-pacific-trading-day-after-wall-street-fall/?remotepost=482828

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