Asian markets trade lower ahead of US initial jobless claims data

Shares in Japan led losses among the region’s major markets, with the Nikkei 225 falling 4%, the Topix index shed 2.71%, South Korea’s Kospi dipped 0.51% and Hong Kong’s Hang Seng index slipped 1.11%.

Mar 26, 2020 02:03 IST India Infoline News Service

Stocks markets in Asia have take a horrible beating this year and lost as much $6.2trillion.
Asian stock markets slipped in the early morning trade on Thursday ahead of the release of US jobless claims data expected later in the day stateside.

Investors will await the release of, expected to be out around 8:30 p.m., HK/SIN today, which could provide clues to the economic impact of the coronavirus pandemic.

Shares in Japan led losses among the region’s major markets, with the Nikkei 225 falling 4%, the Topix index shed 2.71%, South Korea’s Kospi dipped 0.51% and Hong Kong’s Hang Seng index slipped 1.11%.

Mainland Chinese stocks declined in early trade, with the Shanghai Composite down 0.51% and the Shenzhen Composite 0.6% lower.

Overnight, the Dow Jones Industrial Average rose 495.64 points to close at 21,200.55 while the S&P 500 ended its trading day 1.1% higher at 2,475.56. The Nasdaq Composite, however, dipped 0.5% to close at 7,384.30.

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