Asian markets slip further; Dow Jones Futures slips

South Korea’s Kospi fell 2.56%, the Straits Times index declined 1%, Hong Kong’s Hang Seng index slumped 1.75%.

Oct 30, 2020 12:10 IST India Infoline News Service

Asian stock market
Asian markets were trading lower on Friday’s trade in the afternoon session with Dow Jones Futures slipped over 500 points.

In Japan, the Nikkei 225 slipped 1.52% while the Topix index fell 0.9%. Japan’s industrial output rose 4% in September from the previous month, according to the media reports. South Korea’s Kospi fell 2.56%, the Straits Times index declined 1%, Hong Kong’s Hang Seng index slumped 1.75%. Also, mainland Chinese stocks were also lower, with the Shanghai Composite down 1.46%.

Overnight stateside, the Dow Jones Industrial Average closed 139.16 points higher at 26,659.11, its first daily gain in five days. The S&P 500 also snapped a three-day decline as it gained 1.2% to finish its trading day at 3,310.11 while the Nasdaq Composite advanced 1.6% to close at 11,185.59.

On the economy front, U.S. GDP for the third quarter expanded more than expected. The number of first-time unemployment-benefits filers also declined for a second straight week and touched its lowest level since March.

Related Story