Asian Markets Fall After Heavy Losses in U.S. Stocks

Asian markets fell in morning trade on Monday, with Japanese stocks slumping more than 3% after U.S. equities closed sharply lower on Friday.

Asian Market Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was nearly flat.
  • Japan’s Nikkei 225 slumped 3.1%,
  • South Korea’s KOSPI fell 1.5%.
  • China’s Shanghai Composite and the Shenzhen Component were both down 0.9%.
  • Hong Kong’s Hang Seng Index slid 1.6%.
  • Down under, Australia’s ASX 200 declined 1.2%.

Currencies

  • The US Dollar Index Futures was down 0.04% at 96.115.
  • AUD/USD was up 0.00% to 0.7083, while AUD/JPY rose 0.10% to 77.89.
  • Euro/pound: UP at 85.61 pence from 85.59 pence.
  • Euro/dollar: DOWN at $1.1294 from $1.1306.
  • Dollar/yen: DOWN at 109.79 yen from 109.93 yen at 2130 GMT on Friday.
  • Pound/dollar: DOWN at $1.3193 from $1.3210.

Commodities

On oil markets, the prospect of a global slowdown dug into prices, with both main contracts extending the losses of more than one percent suffered on Friday.

  • Oil – West Texas Intermediate: DOWN 66 cents at $57.38 per barrel
  • Oil – Brent Crude: DOWN 63 cents at $66.40 per barrel

Source: Investing.com

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