Stock market today: Asian shares fall after Wall St ends worst week; Biden withdraw from 2024 race

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Asian stocks are mostly lower after President Joe Biden exited the 2024 race. The downbeat start to the week followed losses on Wall Street on Friday as businesses around the world scrambled to contain disruptions from a massive technology outage. U.S. futures were little changed and oil prices rose. Tokyo's Nikkei 225 index lost 1.

FILE - People walk past an electronic stock board showing the sectors’ index of Japanese stocks outside a securities firm in Tokyo, on June 7, 2024. Asian stocks were mostly lower Monday, July 22, 2024, after President Joe Biden exited the 2024 race. FILE - A passerby looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo, on June 27, 2024. Asian stocks were mostly lower Monday, July 22, 2024, after President Joe Biden exited the 2024 race.

Elsewhere in Asia, Australia’s S&P/ASX 200 dipped 0.6% to 7,924.40. South Korea’s Kospi lost 1.4% to 2,756.62. “We all realize you can fat finger something, mistype something, you know whatever -- we don’t know the technical details yet of how it caused the ‘bluescreen of death’” for users, he said. Crowdstrike’s stock trimmed its loss somewhat through the day, but it still turned in its worst performance since 2022. Stocks of rival cybersecurity firms climbed, including a 7.8% jump for SentinelOne and a 2.2% rise for Palo Alto Networks.

 

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