Asian markets trade lower; Shanghai Composite index slips

In Japan, the Nikkei 225 is trading at 0.68%, the Topix index was 0.66% lower, in South Korea, the Kospi shed 0.41% and shares of Australia declined and the S&P/ASX 200 dipped 0.5%.

Nov 12, 2020 12:11 IST India Infoline News Service

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Asian stock markets were trading mostly lower in Thursday trade following an overnight bounce for tech stocks on Wall Street as a recent rotation into cyclicals paused.

In Japan, the Nikkei 225 is trading at 0.68%, the Topix index was 0.66% lower, in South Korea, the Kospi shed 0.41% and shares of Australia declined and the S&P/ASX 200 dipped 0.5%.

Mainland Chinese stocks were mixed by the afternoon, with the Shanghai Composite dipping 0.11% while the Shenzhen component gained 0.4%.

Overnight on Wall Street, the S&P 500 closed 0.8% higher at 3,572.66 while the Nasdaq Composite ended its trading day 2% higher at 11,786.43. The Dow Jones Industrial Average lagged as it closes 23.29 points lower at 29,397.63.

Meanwhile, oil prices edged higher in the afternoon, with international benchmark Brent crude futures up 0.23% to $43.90 per barrel. U.S. crude futures added 0.34% to $41.59 per barrel.

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