Asian shares fall despite fresh records on Wall Street
Asian shares slipped Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.
- Japan’s benchmark Nikkei 225 dipped 0.8% to 26,433.62 as markets throughout the region quickly lost early gains.
- South Korea’s Kospi lost 0.9% to 2,608.79.
- Australia’s S&P/ASX 200 slipped 1.3% to 6,517.80.
- Hong Kong’s Hang Seng edged down 1.5% to 26,501.58, while the Shanghai Composite edged 0.1% lower to 3,404.90.
- In energy trading, benchmark U.S. crude lost 91 cents to $44.62 a barrel.
- Brent crude, the international standard, also fell 99 cents to $47.19 a barrel.
- The U.S. dollar inched down to 103.88 Japanese yen from 104.07 yen.
- The euro cost $1.1975, up from $1.1962.