Asian markets decline as coronavirus concerns return; Kospi index drops over 2.5%

The Hang Seng index in Hong Kong slipped 0.61% with HSBC stock drop 2.56% and Standard Chartered slipped over 2%.

Sep 22, 2020 11:09 IST India Infoline News Service

Asian stock market
Asian stock markets were trading under pressure on Tuesday. The second wave of Coronavirus cases across Europe and UK dampened global risk sentiment. There is a possibility that the UK could impose a second lockdown to contain the spread. The situation is equally concerning in France, Spain, Germany and Italy. European equity indices were down 3-4% yesterday.

South Korea’s Kospi led losses among the region’s major markets as it declined 2.69%, the Hang Seng index in Hong Kong slipped 0.61% with HSBC stock drop 2.56% and Standard Chartered slipped over 2%.

The Shanghai Composite down 0.35% and the S&P/ASX 200 in Australia slipped 0.68%.

Meanwhile, the Dow Jones Industrial Average fell 509.72 points, or 1.8%, to close at 27,147.70. The S&P 500 lost 1.2% to finish its trading day at 3,281.06. The Nasdaq Composite closed just 0.1% lower at 10,778.80.

Related Story