Asian stocks decrease after US stocks dip overnight

Asian stocks decrease after US stocks dip overnight

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%.

Similar

Asian stocks conclude week on upbeat note

On Friday, Asian equities mostly gained to conclude the trading week on an upbeat note because the Dow along with the S&P 500 had some of their midweek pullback reversed, while remarks from a Federal Reserve representative relived worries of speeding up…

Popular

EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera