Asian stocks are suppressed as Wall St. affected by healthcare vote delay

Asian stocks are suppressed as Wall St. affected by healthcare vote delay

On Wednesday, Asian stocks tumbled after Wall Street was heavily knocked in the wake of a delay to the American healthcare reform vote. Meanwhile, the common currency jumped after European Central Bank President Mario Draghi dropped a hint that the ECB could trim its stimulus in 2017.

Outside Japan MSCI's broadest index of Asia-Pacific stocks decreased 0.4%, drifting away from more than two-year peaks, hit earlier this week. It hit its highest value since May 2015 on Monday.

Japan's Nikkei share average went down 0.3%, experiencing headwinds from the greenback’s reversal of its soar versus the Japanese yen. However, the banking along with insurance sectors managed to outperform on hopes for higher rates.

On Tuesday, the benchmark S&P 500 reported its biggest one-day sag for six weeks and demonstrated its lowest close since May 31, after the American Senate's move to delay voting on a healthcare reform bill spurred concerns on the timeline for President Donald Trump's business-friendly policies.



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