Asian stocks tumble on Trump healtcare fallout

Asian stocks tumble on Trump healtcare fallout

On Monday, stocks in Asia dipped as markets reacted to Donald Trump’s failure to overhaul American healthcare and what it might portend for planned tax drops as well as infrastructure spending.

Japan's Nikkei 225 dived more than 1.50%, while Australia's S&P/ASX ASX 200 lost 0.17%.

The Shanghai Composite headed south 0.39%, while Hong Kong's Hang Seng index declined 0.17%.

The previous week, American shares closed mixed, after the House of Representatives’ dared to withdraw a health care bill in order to repeal and replace Obamacare because chances of passing the bill turned to be slim amid a lack of votes.

The Dow offered the greatest reaction to the news, as this benchmark moved steeply off the minimums, though eventually closed in negative territory.

The Dow Jones Industrial Average tumbled 0.29% to hit 20,596. Aside from that the S&P 500 managed to gain 0.11%, while the Nasdaq Composite concluded at 5,828, leaping 0.19%.


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