Asian stocks sink after Wall St losses on economy worries

Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia retreated a day after strong gains driven by the rise of U.S. tech stocks.

The Shanghai Composite Index lost 1.2% to 3,408.93 and the Nikkei 225 in Tokyo shed 0.7% to 22,368.44. The Hang Seng in Hong Kong retreated 1.9% to 25,702.64. Three out of four stocks in the S&P declined. The biggest losers were oil companies, airlines and other stocks that are most heavily affected by a reopening and strengthening economy.

The improvements have helped validate investors' optimism that the economy can recover as anti-virus controls are relaxed. That helped the S&P 500 rebound to within 7% of its record, after being down nearly 34%.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Asian stocks follow Wall Street higher after tech gainsAsian stock markets followed Wall Street higher on Thursday following gains for major U.S. tech stocks.
Sumber: CTVNews - 🏆 1. / 99 Baca lebih lajut »

Asian stocks follow Wall Street higher after tech gainsAsian stock markets followed Wall Street higher on Thursday following gains for major U.S. tech stocks.
Sumber: CTVNews - 🏆 1. / 99 Baca lebih lajut »

Financial sector weighs on Toronto market, U.S. stock markets mixedCanada's main stock index edged lower in early trading, weighed down by losses in the financial sector, while U.S. stock markets were mixed. haley_debruyne $400 billion the real number you are fooling no one 20,000 'missing' infrastructure projects. 34,700 'missing' due for deportation. $1.2 Trillion debt. 3 PM Ethics Violations. Costly failed UN bid.
Sumber: CTVNews - 🏆 1. / 99 Baca lebih lajut »