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%.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: CTVNews - 🏆 1. / 99 Consulte Mais informação »

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.
Fonte: CTVNews - 🏆 1. / 99 Consulte Mais informação »

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.
Fonte: CTVNews - 🏆 1. / 99 Consulte Mais informação »