Stock market is bleeding: what do you need to know
The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Asian equities ascend, backed by modest revenues on Wall Street
On Asian stocks tacked on, underpinned by moderate profits on Wall Street even as market participants were still wary ahead of the annual key banking conference in Jackson Hole later this week.
MSCI's broadest index of Asia-Pacific equities outside Japan rallied 0.1%.
In South Korea stocks KS11 gained 0.5% notwithstanding lingering concerns as for tensions on the Korean peninsula.
In Japan, Nikkei stock index N225 went down 0.1%, while Australian equities gained 0.2%.
On Monday, the Dow Jones Industrial Average along with the S&P 500 marked moderate revenues, although the Nasdaq Composite modestly declined.
The common currency stood still at $1.1815 , while the US currency didn’t change versus its Japanese rival having tumbled overnight, rising 0.1% to get to 119.11 .
Additionally, crude prices tacked on, backed by indications that supply is inevitably tightening, in particular in the USA.
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What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
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