Asian Markets Slumping Thursday

Sun, 07 Jun 2020

Asian Markets Slumping Thursday

Voice of America
21 May 2020, 19:05 GMT+10

Asian markets closed mostly lower Thursday as investors reacted to bad economic news from Japan, and to China's worsening trade and diplomatic relations with Australia and the United States.

Tokyo's benchmark Nikkei index lost 0.2 percent at its closing bell after the government announced that Japan's exports fell 21.9 percent last month, the biggest drop since the 2008 global financial crisis. Hong Kong's Hang Seng index was down 0.4 percent in late afternoon trading, while Shanghai was 0.5 percent lower and the S&P/ASX 500 in Sydney was down 0.4 percent. Seoul closed 0.4 percent higher, and Taipei posted a 0.9 percent increase.

Monday's major rally on global markets after news of a potential coronavirus vaccine faded after Beijing imposed massive tariffs on Australian barley imports, plus the Trump administration's increasingly heated rhetoric against China over its initial response to the coronavirus pandemic, which was first detected late last year in Wuhan.

The Dow Jones, S&P 500 and Nasdaq are all lower in futures trading, indicating a lower opening on Wall Street Thursday.

Oil markets are in positive territory Thursday, with U.S. crude trading at $34.11 per barrel, up 1.85 percent, while Brent crude, the international benchmark, is trading at $36.29 per barrel, up 1.5 percent.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Santa Barbara Post.

More Information

58 ℉

Partly Cloudy in Santa Barbara

United States

Section

Irrational exuberance hits Wall St on stunning employment data

NEW YORK, New York - U.S stocks roared on Friday as employment data showed the U.S, economy could bounce back ...

75% of consumers in UK, Australia and U.S. slam Chinese government

LONDON, UK - More than 75% of consumers in the UK, US and Australia blame the Chinese government for the ...

U.S. policing's darkest hour, a nightmare re-lived again and again

There is no need to wonder why George Floyd (age 46) was murdered in broad daylight in Minneapolis, Minnesota, on ...

Native Americans Want to be Included in Race Talks

GREAT FALLS, MONTANA - As protesters demand justice for George Floyd, a black man who died in police custody in ...

Roundup: Kenya coffee farmers adopt home processing to seek better prices

A worker goes about his work at a state-owned milling plant in Nairobi, capital of Kenya, April 3, 2020. (Xinhua/John ...

More Than 100 Detained At Kazakh Rallies Demanding Democratic Reforms

ALMATY -- More than 100 opposition activists have been detained by police in Kazakhstan where two opposition parties had planned ...

International

Section

Australian marchers demonstrate against treatment of Indigenous people

SYDNEY, NSW, Australia (Xinhua) -- As thousands of Australians marched in solidarity with U.S. protesters this week, highly visible were ...

Dubai's Special Forces raid home in high profile arrest

DUBAI, UAE - Dubai security officials have arrested a Danish man wanted by Interpol in a sting operation.Amir Faten Mekky, ...

Irrational exuberance hits Wall St on stunning employment data

NEW YORK, New York - U.S stocks roared on Friday as employment data showed the U.S, economy could bounce back ...

Two Russians expelled from embassy by Czech government

PRAGUE, Czech Republic - Czech Prime Minister Andrej Babis says his government has decided to designate two staff members at ...

Chinese capital returning to normal, threat level lowered again

BEIJING, June 5 (Xinhua) -- Beijing will lower its emergency response to the novel coronavirus epidemic from the second level ...

75% of consumers in UK, Australia and U.S. slam Chinese government

LONDON, UK - More than 75% of consumers in the UK, US and Australia blame the Chinese government for the ...

Movie Review

Westfront 1918