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On Friday, Asian stocks were softer in early trade, reacting to a weaker close overnight, while global bond yields inched up.
The Nikkei 225 went down 0.61%. As for the Kospi, it lost 0.39% in early trade.
Additionally, the S&P/ASX 200 decreased 0.63%.
The Hang Seng Index dipped 0.42% and the Shanghai Composite sank 0.39%.
Overnight, American shares concluded lower, as a slide in both tech as well as energy stocks put pressure on the broader market while weaker-than-expected labor market reports contributed to downbeat sentiment.
Energy continued its descending trend, losing 1.8% notwithstanding weekly American inventory data, which demonstrated a larger-than-expected draw in both crude and gasoline stockpiles.
Tech stocks dipped too because market participants kept rotating out of the tech sector, with Amazon, Facebook, and Apple sagging more than 0.5%.
The Dow Jones Industrial Average showed 21,321.82, sliding up to 156 points. Aside from that, the S&P 500 concluded 0.94% lower, and the Nasdaq Composite hit 6089.46, dipping 1%.
On Thursday, American equities headed south due to the fact that gloomy earnings reports from industrials backed fears about soaring expenses as well as the impact of levies, contributing to worries over higher borrowing costs after hawkish remarks from…
On Wednesday, American equities lost in their value in rather a choppy trading session, unable to proceed with their surge from the previous trading marathon because IBM snapped a run of firm blue-chips profits and gloomy housing data suppressed Home…
On Tuesday, American equities surged after the close because profits in the Healthcare, Technology as well as Consumer Services sectors backed stocks…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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