Asia stocks open sharply lower as faith in global recovery from pandemic slips

TOKYO - Asian stocks slid when trading opened on Thursday , tracking a sharply lower Wall Street session amid fresh concerns that the global economic recovery from the coronavirus pandemic is running out of steam.

The data comes after a Federal Reserve official said it will be hard to boost employment without further government stimulus."Equity sentiment remained positive in Europe but quickly soured in the US as Fed speakers urged further fiscal support for the economy," Westpac Institutional Bank analysts said in a note.

On Wednesday, the Dow Jones Industrial Average fell 1.92 per cent, the S&P 500 lost 2.37 per cent and the Nasdaq Composite dropped 3.02 per cent.

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Tokyo: Stocks edge down after long weekend[TOKYO] Tokyo stocks closed marginally lower Wednesday after a long weekend and as worries grew of fresh spikes in coronavirus infections in Europe and the United States. Read more at The Business Times.
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Tech stocks reverse rally to lead markets rout in Asia, US, EuropeASIAN stock markets tumbled on Tuesday, taking their cue from a Monday night sell-off in Europe and the United States. Read more at The Business Times.
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