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 stocks mostly decline as North Korea nuclear test rattles
On Monday, Asian equities mostly drop, with Shanghai bucking the trend following a weekend nuclear weapons test by North Korea that this isolated country claimed was a hydrogen bomb potentially capable of fitting onto an ICBM.
The Nikkei 225 sank 1%, South Korea's Kospi tumbled 0.83% because risk trade worries remained for both financial markets. As for the S&P/ASX 200, this benchmark dived 0.54%.
Meanwhile, in China, the Shanghai Composite grew 0.14%, while the Hang Seng index dived 0.50% in Hong Kong.
The previous week, American equities concluded higher because a weaker-than-expected jobs report on Friday was unable to tame investor rate-hike expectations in the wake of fresh data disclosing that the American economy was still on track for solid ascend in the third quarter.
American equities made an upbeat start to September because traders digested over several economic reports such as a nonfarm payrolls report unveiling that in August the American economy generated fewer jobs than expected.
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!
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