Asian markets trade mixed; Hang Seng index down over 1.5%

South Korea’s Kospi rose 1.1%, with shares of automaker Hyundai Motor rallied over 5.5%.

Aug 06, 2020 10:08 IST India Infoline News Service

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Asian markets were trading mixed on Thursday’s trade as investors fretted about the outlook for the global economy.

Hang Seng slipped over 1.5%, the Nikkei 225 slipped 0.49%, the Topix index down 0.42% and the Shanghai Composite fell by 0.38%. On the slip side, South Korea’s Kospi rose 1.1%, with shares of automaker Hyundai Motor rallied over 5.5%.

Overnight stateside, the S&P 500 advanced 0.6% to close at 3,327.77, the Nasdaq Composite gained 0.4% to end its trading day at 10,998.40 and the Dow Jones Industrial Average rallied 373.05 points, or 1.4%, to 27,201.52.

European markets advanced on Wednesday as investors tracked another round of major corporate earnings reports as well as talks on a key U.S. stimulus package.

Meanwhile, gold held above $2,000 an ounce while oil fluctuated.

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