Sun. Oct 24th, 2021

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Australia descents 3% due to down Asia-Pacific stocks followed by Wall Street drop

1 min read
Asia-Pacific stocks

Mixed Asia-Pacific stocks

Asia-Pacific stocks were mostly lower during Friday trade, following Wall Street’s sharp declines overnight.

Australia led losses among the major markets regionally, with the S&P/ASX 200 declining 3.08%.

Mainland Chinese stocks also fell by the afternoon. The Shanghai composite dropped 1.38% while the Shenzhen component declined 1.71%. Hong Kong’s Hang Sang index slipped 1.83%.

The Kospi in South Korea dropped 1.56%, while Japan’s Nikkei 225 declined 1.34% and the Topix index shed 1.08%.

In Southeast Asia, the Straits Times index in Singapore also fell nearly 1.41%. Malaysia’s FTSE Bursa Malaysia KLCI Index bucked the overall trend as it rose 0.15%.

Overall, the MSCI Asia ex-Japan index slipped 1.7%.


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