Dow Jone, S&P 500 lost all results in January, Asian markets flooded red

Dow Jone, S&P 500 lost all results in January, Asian markets flooded red

The red color covered the Asia-Pacific stock market on January 28 after Wall Street plunged last night.

The Shanghai Composite Index dropped 1.91% on January 28 trading day. Photo: AFP

Mainland Chinese stock market today, January 28, sunk in red. The Shanghai Composite index fell 1.91% to 3,505.18 points, while the Shenzhen Component fell 3,248% to 14,913.21 points.

On the Hong Kong market, the Hang Seng Index lost 2.3% at the end of the session. Notably, shares of Cathay Pacific Airlines plunged 8.95% after the company announced it would issue convertible bonds worth HK $ 6.74 billion (equivalent to $ 869.36 million. ).

In Japan, the Nikkei 225 index close the door down 1.53% to 28,197.42 points, while the Topix index slipped 1.14% to 1,838.85 points. On the same day, the Ministry of Economy, Trade and Industry of Japan announced that retail sales in this country in December 2020 slipped 0.3% over the same period last year, lower than the 0.4% decrease expected. previously announced.

On the Korean market, the Kospi index slipped 1.71% and ended the day at 3,069.05 points. The red also covered Australian stocks with the S & P / ASX 200 index falling 1.93% to 6,649.70 points.

Reuters reported, In the Southeast Asian market, the VN-Index of Vietnam fell more than 6% after the information about the first cases in the community in nearly 2 months. The MSCI Asia-Pacific Index (excluding Japan) fell 2.06% today.

Stocks in Asia – Pacific were red following the footsteps of Wall Street last night. The S&P 500 index lost 2.6% last night to 3,750.77, the lowest level in the past 3 months. While the Dow Jone industrial average evaporated 633.87 points and closed at 30,303.17, the Nasdaq Composite fell 2.6% to 13,270.60.

The US Federal Reserve (Fed) brought the prime rate close to 0 after the two-day policy meeting ended on January 27. The Fed said it will continue to roll out at least $ 120 billion per month to buy bonds. At the press conference after the policy meeting, Fed Chairman Jerome Powell affirmed: “The US economy is still far from our inflation target and monetary policy, so more time is still needed to achieve it. better result”.

Shares of Apple suppliers in Asia today continue to be in the sights of regional investors after Apple announced a surprise increase in sales. In Japan, shares of Murata Manufacturing fell 3.97% while shares of LG Display in South Korea still inched up 0.44%. On the Taiwan market, Foxconn shares slipped 3.66%, while chipmaker TSMC’s shares fell 2.28%.

Apple on January 27 announced sales reached $ 111.4 billion in the first quarter profit report of fiscal year 2021, up 21% over the same period. This is also the first time that Apple’s quarterly sales have surpassed $ 100 billion.

On the money market, the US dollar index against other major currencies continued to decline to 90,767, from 90,805. The Japanese Yen also slipped to 104.29 JPY / USD, from 103.8 JPY / USD set yesterday, while the Australian dollar remained weak and converted 1 AUD / 0.7616 USD, from 1 AUD. / USD 0.772 previously set.

Oil prices on the Asian market went down this afternoon. Futures price Brent oil slipped 0.68% to $ 55.43 / barrel, while the US crude futures price slid 0.7% to $ 52.48 / barrel.

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