Markets News

Asian Shares to remain uncertain as Wall Street collapses

The Asian stocks fell on Thursday whereas the dollar witnessed a sudden sell off on the Wall Street.

Also, the delay in the COVID-19 vaccine quivered the investors regarding the quick recovery of the economy.

The Japanese Nikkei drastically slid down by 1.3 percent which is its steepest drop since October 2020. Along with this, the Chinese blue-chips also felt by 1.5 percent.

Moving a little more, after Chinese blue-chips, South Korea also loses by 0.9 percent amid losses in Samsung. Further, South Korea lost with Samsung reporting losses in its earnings.

According to the MSCI’s widest index reports, the Asia-Pacific shares falling outside Japan hewed down by 1.2 percent. Moreover, the index has increased by more than 6 percent within the month of January 2021.

However, only Asian stocks didn’t fell down, tech companies also incurred a lot of losses including big brands like Apple Inc.

The Apple shares also witnessed a drop down by 3 percent after the closing bells. Putting light on the indexes, the S&P 500 was off at 0.1 percent whereas the NASDAQ futures was down at 0.2 percent.

However, the dollar even though gained up later on with its index reaching up at 90.727.


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