Asia-Pacific stocks tumbled on December 30 trading after major stock indexes on Wall Street broke up for three consecutive days.
|Japan’s Nikkei 225 on the morning of December 30 turned down 0.57% after reaching a 30-year high in the previous trading session. Photo: AFP|
The mainland Chinese stock market this morning gained at the beginning of the session with the Shanghai Composite Index inching slightly by 0.3%, while the Shenzhen Component hit a higher gain with 0.633%. On the Hong Kong market, the Hang Seng index rose 0.83%.
Japan’s Nikkei 225 index turned back this morning to 0.57%, after hitting a 30-year high thanks to more than 2% gain in the previous session, according to Refinitiv data. Meanwhile, the Topix this morning slipped deeper with 0.73%.
South Korea’s Kospi rose 0.24%, while Australian stocks slid 0.76%. The MSCI Asia-Pacific Index (excluding Japan) rose 0.38%.
Today is the final trading day of 2020 for the Japanese and Korean stock markets as both markets will close tomorrow 31/12.
US stocks turned to decline last night after US lawmakers continued to argue about direct support for the people. The Dow Jones industrial average lost 68.30 points to close at 30,335.67, while the S&P 500 index slid 0.2% to 3,727.04, while the Nasdaq Composite fell 0.4% to 12,850.22 points. The downward movement of the Dow Jones and the S&P 500 cut off the three-day streak in a row.
On the money market, the US dollar index against other major currencies weakened to 89,815, from 90. Japanese Yen strengthened and converted 103.41 JPY / USD, from 103.8 JPY / USD set up at the beginning of the week, while Australian dollar also strengthened and exchanged 1 AUD “eating” 0.7629 USD, after rising to 1 AUD / 0.756 USD.
Oil prices on Asian markets increased. Futures Brent oil increased by 0.39% and traded at $ 51.29 / barrel, while US crude futures edged up 0.52% to $ 48.25 / barrel.