Asia Pacific stocks slip following overnight Dow plunge; IMF slashes forecasts again

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Asia Pacific stocks set to drop following overnight Dow plunge; IMF slashes forecasts again

Investor reaction to overnight moves on Wall Street was watched on Thursday, with the Dow Jones Industrial Average falling more than 700 points.

The moves stateside came following a surge in coronavirus cases in certain states, with Florida and California reporting a record number of new cases.Markets in China and Hong Kong are closed on Thursday for a holiday. Stocks in Asia Pacific slipped in Thursday morning trade following an overnight plunge stateside that saw theled losses among the region's major markets as it slipped 1.32%.Shares in Australia also declined, with the

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