img-news

Markets continue in the red following Wall Street's volatile session

  • Regular
  • Asian Market
  • 3 months ago
  • 45

Asian markets are once again trading negative as Wall Street suffered another volatile trading session.

China is embroiled in a hacking scandal with the U.S. as the Justice Department charged two Chinese nationals, the Shanghai composite lost 1% and the Shenzhen composite too shed 0.96%.

Meanwhile the Hang Seng fell by 0.2%.

The Bank of Japan decided to hold firm on interest rates which hit the country’s lenders, Mitsubishi UFJ Financial group fell by 2.85 and Sumitomo Mitsui Financial Group dropped by 2.56%.

Benchmark index Nikkei225 tumbled by 1.12% and the Topix by 1.75%.

In South Korea, Samsung’s retreat of 0.65% prompted the Kospi to slide 0.24%.

Australia’s ASX200 ended trading down by 0.95% as most of the banking sector saw a continue decline from yesterday’s session.

ANZ, Commonwealth Bank and Westpac all falling by over 1%.

 

Source: Smart Trend Team