Asian stock markets trade lower; Hang Seng index slips over 1%

South Korea’s Kospi slipped 0.98%, Japan’s Nikkei 225 declined 0.55%, Hong Kong’s Hang Seng index dropped 0.72% and the Topix index shed 0.47%.

Oct 15, 2020 10:10 IST India Infoline News Service

Stocks markets in Asia have take a horrible beating this year and lost as much $6.2trillion.
Asian stocks markets were trading mostly lower on Thursday trade as hopes of US fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe.

In the broader markets, South Korea’s Kospi slipped 0.98%, Japan’s Nikkei 225 declined 0.55%, Hong Kong’s Hang Seng index dropped 0.72% and the Topix index shed 0.47%.

Mainland Chinese stocks were marginally higher, with the Shanghai Composite up 0.10%. Also, shares in Australia edged higher, with the S&P/ASX 200 gaining 0.58%.

According to the country’s National Bureau of Statistics, China’s consumer price index rose 1.7% in September compared to a year ago.

Overnight stateside, stocks fell for a second day as a stalemate in coronavirus stimulus talks dragged on. The Dow Jones Industrial Average slipped 165.81 points, or 0.6%, to close at 28,514. The S&P 500 finished its trading day 0.7% lower at 3,488.67 while the Nasdaq Composite slid 0.8% to close at11,768.73.

Further, European stocks closed lower on Wednesday with the Stoxx 600 down by 0.1%. 

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