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Asian stock markets plummeted on Tuesday, while oil dropped and a safety bid boosted the dollar’s performance. This followed after emerging Sino-U.S. tensions and new novel coronavirus restrictions in California dampened optimism as earnings season approaches.
MSCI’s broadest index of Asia-Pacific shares outside Japan shed 1.2%. Japan’s benchmark index Nikkei declined 0.8%, easing from its one-month high record on Monday. The dollar put the Aussie and the kiwi under turbulence.
The moves could be attributed to a selloff monitored on Wall Street after reopening rollbacks in California. The state was put under virus-driven restrictions, with bars, restaurants, and movie theaters halting operations as mandated by Governor Gavin Newsom.
S&P 500 futures were seen flat in Asia after recording a total of 0.9% loss on Monday.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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