361

Asian stocks edge lower

On Friday, Asian stocks edged slightly down as market participants preferred staying on the sidelines ahead of the Fed’s review, supposed to be more hawkish.  

The S&P/ASX 200 traded with a 0.48% decline, while the Nikkei 225 descended 0.3%.

The Shanghai Composite Index decreased 0,42%. The Hang Seng Index in Hong Kong edged down 0.75%. Meanwhile, on Friday, China’s major currency dropped against the greenback when the People’s Bank of China dared to impose a weaker fixing for a second day at 6.4898.  

Besides this, overnight, American stocks dived abruptly, facing their worst one-day sell-off for two weeks, because a surge in the greenback generated a rebound in crude prices as well as a gloomy session amidst defensive sectors weighed on the key indices.   

The Dow Jones Industrial Average lacked 113.75 or simply 0.63%, trading at 17,982.52, when the S&P 500 Composite Index dipped 0.52% at 2,091.48. By the way, the Nasdaq Composite Index managed to go down 0.05% at 4,945.89.   

Scroll to top