Asian Stocks Fall In Thin Holiday Trade
Asian stocks fell in thin holiday trade on Friday after Apple Inc. and Amazon.com Inc. warned of uncertainty ahead due to the coronavirus pandemic.
- Markets in South Korea, China, India, Singapore, Taiwan, Hong Kong, Indonesia, Malaysia and Thailand were closed for holidays.
- Japanese shares fell from a near eight-week high, with chip-related firms pacing the declines.
- The Nikkei average fell 574.34 points, or 2.84 percent, to 19,619.35 after gaining 2.6 percent the previous day.
- The broader Topix index closed 2.24 percent lower at 1,431.26.
Beach Energy, Origin Energy, Woodside Petroleum, Oil Search and Santos lost 5-8 percent despite oil prices rising on a slower-than-expected rise in oil storage demand.