Asian markets fall after Wall Street plunge

The Kospi index fell 0.79% and stocks in Australia also saw sizable losses as the S&P/ASX 200 dropped 1.74%.

Oct 29, 2020 12:10 IST India Infoline News Service

Asian stock markets fell on Thursday following an overnight plunge on Wall Street and rise in coronavirus cases seen in the U.S. as well as across Europe likely weighed on investor sentiment.

The Kospi index fell 0.79% and stocks in Australia also saw sizable losses as the S&P/ASX 200 dropped 1.74%.

In Hong Kong, the Hang Seng index down 0.36%, while the Shanghai Composite fractionally higher, the Nikkei 225 declined 0.37% while the Topix index shed 0.15%.

Further, the U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 93.418.

Meanwhile, the Dow Jones Industrial Average dropped 943.24 points, or 3.4%, to close at 26,519.95 — its fourth straight negative session. The S&P 500 slipped 3.5% to end its trading day at 3,271.03 while the Nasdaq Composite fell 3.7% to close at 11,004.87.

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