Asian Markets Slumping Thursday

Mon, 30 Nov 2020

Asian Markets Slumping Thursday

Voice of America
21 May 2020, 19:05 GMT+10

Asian markets closed mostly lower Thursday as investors reacted to bad economic news from Japan, and to China's worsening trade and diplomatic relations with Australia and the United States.

Tokyo's benchmark Nikkei index lost 0.2 percent at its closing bell after the government announced that Japan's exports fell 21.9 percent last month, the biggest drop since the 2008 global financial crisis. Hong Kong's Hang Seng index was down 0.4 percent in late afternoon trading, while Shanghai was 0.5 percent lower and the S&P/ASX 500 in Sydney was down 0.4 percent. Seoul closed 0.4 percent higher, and Taipei posted a 0.9 percent increase.

Monday's major rally on global markets after news of a potential coronavirus vaccine faded after Beijing imposed massive tariffs on Australian barley imports, plus the Trump administration's increasingly heated rhetoric against China over its initial response to the coronavirus pandemic, which was first detected late last year in Wuhan.

The Dow Jones, S&P 500 and Nasdaq are all lower in futures trading, indicating a lower opening on Wall Street Thursday.

Oil markets are in positive territory Thursday, with U.S. crude trading at $34.11 per barrel, up 1.85 percent, while Brent crude, the international benchmark, is trading at $36.29 per barrel, up 1.5 percent.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

27 ℃

Partly Cloudy in Seletar

Business

Section

Stocks in Asia mostly lower on gold, dollar dive

SYDNEY, NSW, Australia - Markets in Asia were active Monday with sellers out in force.Most stock markets were in the ...

China to spend $2 billion building entire town based on German beer

CHENGDU, Nov. 27 (Xinhua) -- A German-style beer town with a total investment of 13 billion yuan (about $2 billion ...

Chinese auto-makers rake in profits of $64 billion Jan-Oct

BEIJING, China, Nov. 27 (Xinhua) -- China's auto manufacturing sector saw profits rise 6.6 percent year on year to 421.15 ...

Indian economy dives 7.5 percent in 3 months to end of September

NEW DELHI, India, Nov. 27 (Xinhua) -- India's economic growth rate contracted 7.5 percent during the period from July to ...

Govt planning 5 cr employment opportunities from MSME

New Delhi [India], November 30 (ANI): Union Minister Nitin Gadkari on Monday said that the Central government is planning to ...

An all-out trade war with China would cost Australia 6% of GDP

China accounts for more than a third of export dollars earned by Australia.The figures, for the 12 months to October, ...

Engineering

Section

DBP allots Php10B for sanitation projects

QUEZON CITY, Nov. 30 (PIA) - The Development Bank of the Philippines (DBP) allotted an initial Php10 billion credit assistance ...

Infraprime Logistics to Catalyse USD 200m Investment

Gurgaon (Haryana) [India], November 30 (ANI/BusinessWire India): Infraprime Logistics Technologies, the Electric Truck and construction logistics start-up is planning to ...

DTI tells bizmen to comply with Standards Law

SAN JOSE, Antique, Nov. 30 (PIA) -- The Department of Trade and Industry (DTI) has reminded business establishments in Antique ...

Update: China's non-manufacturing PMI rises in November

Customers have a meal at a restaurant of Shaxian Snacks in Shaxian County of Sanming City, southeast China's Fujian Province, ...

Iran's lawmakers pass bill to boost nuclear activity

Tehran [Iran], November 30 (ANI/Sputnik): The Iranian parliament has passed a bill, dubbed "The strategic measure for the removal of ...

NYC first responders to receive COVID vaccine in Dec

New York [US], November 30 (ANI/Xinhua): The first vaccines available to some of New York City's first responders could be ...

Movie Review

Justice League