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 shares are mixed as Brexit generates caution
On Thursday, Asian stocks were narrowly mixed, with market sentiment downbeat over the probable hard slog ahead for Great Britain to abandon the European Union.
Japan's Nikkei 225 declined 0.35%, although Toshiba shares added 3.37% ahead of an extraordinary shareholders gathering.
On Wednesday, the Japanese conglomerate's American subsidiary Westinghouse Electric filed for bankruptcy after it reported a multi-billion dollar write-off because of cost overruns at four nuclear reactors under construction in America.
In Australia, the S&P/ASX 200 managed to grow 0.2% as the country started evacuating thousands of folks from resort islands in the tropical northeast, as water supplies started running low. Additionally, on the mainland of Queensland, tens of thousands of Australians were still without power and officials drew attention to more heavy rainfall in the wake of Cyclone Debbie.
The Kospi index tumbled 0.3%, Samsung Electroncis released its Galaxy S8 smartphone, thus gaining 0.53%.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
RBA Rate Statement is released on Tuesday at 07:30 MT time.
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.