Asian markets trade flat; Nikkei 225 index down 0.73%

In Japan, the Nikkei 225 slipped nearly 0.73%, the Kospi and S&P/ASX 200 in Australia slipped in today’s trade.

Jul 08, 2020 11:07 IST India Infoline News Service

Stock Exchange
Asian markets on Wednesday afternoon session was trading in the flat range as concerns around the coronavirus pandemic continue to linger.

Mainland Chinese stocks edged higher, with the Shanghai Composite up around 0.5%, Hong Kong’s Hang Seng index and the Topix index gained 0.3% each. In Japan, the Nikkei 225 slipped nearly 0.73%, the Kospi and S&P/ASX 200 in Australia slipped in today’s trade.

Meanwhile, EIA crude inventory data due today.

According to the media reports, WHO officials warn that there’s a lag between rising cases and increasing deaths. It takes weeks after contracting the virus to fall seriously ill and potentially die from the coronavirus.

Overnight on Wall Street, the S&P 500 slid 1.1% to finish its trading day at 3,145.32 while the Nasdaq Composite closed 0.9% lower at 10,343.89. The Dow Jones Industrial Average dropped 396.85 points, or 1.5%, to end its trading day at 25,890.18. Both the Nasdaq and S&P 500 snapped five-day winning streaks. The Dow posted its first decline in three sessions. 

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