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 turn lower on simmering North Korea tensions
On Thursday, Asian shares went down because market participants fretted about the simmering tensions between America and North Korea, brining Seoul equities down to two-month minimums even as yesterday’s rush into safe-haven assets slowed.
Spreadbetters expected EU equities to follow suit. Experts hope Britain's FTSE will slide 0.6% and Germany's DAX along with France's CAC will start a bit lower.
MSCI's broadest index of Asia-Pacific stocks went down 1%.
Japan's Nikkei handed back earlier revenues too, shedding 0.1%,
Shanghai went down 1.1%, Hong Kong's Hang Seng decreased 1.6%. In South Korea KOSPI sagged 1.2% dipping to a two-month minimum to drift away from record maximums reached at the end of July.
The dips in some Asian equities, such as Japan's Nikkei, were restricted after Wall Street stocks concluded lower overnight because traders brushed off geopolitical worries.
The 10-year Treasury note yield dropped to a six-week minimum of 2.212% on ascending bond prices, but rebounded to 2.248%.
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!
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
27,000 people became unemployed in private sector
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.