The shockwaves from Monday’s major losses on Wall Street are reverberating throughout Asian financial markets Tuesday.
The Nikkei index in Tokyo lost eight points, but was unchanged percentage-wise. Sydney’s S&P/ASX index dropped 1.7%. The KOSPI index in Seoul lost 0.5%, and Taipei’s TSEC index was 0.2% lower.
Shanghai’s Composite index gained 0.1%. In late afternoon trading, Hong Kong’s Hang Seng index is down 0.5%, while Mumbai’s Sensex is up 0.3%.
Global markets fell Monday as investors appeared increasingly uncertain about the outlook of the global economy due to a resurgence of coronavirus cases across Europe and the United States. The Dow Jones lost a staggering 650 points, or 2.2%, while the S&P was 1.8% lower.
In commodities trading, gold is selling at $1,907.10 per ounce, up nearly one-and-a-half points, but unchanged percentage-wise. U.S. crude is selling at $38.82 per barrel, up 0.6%, and Brent crude is selling at $40.73 per barrel, also up 0.6%.
All three U.S. markets are trending positively in futures trading.
