· The Dow Jones Industrial Average .DJI fell 75.05 points, or 0.3 percent, to 24,811.76, the S&P 500 .SPX lost 5.53 points, or 0.20 percent, to 2,727.76 and the Nasdaq Composite .IXIC dropped 1.53 points, or 0.02 percent, to 7,424.43.
U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric.
But stocks recouped much of the day’s losses by the end of the session, and market participants said the sharp drop after the summit was canceled was a knee-jerk reaction.
· Overnight news that U.S. President Donald Trump had canceled a scheduled summit with Kim Jong Un was in focus on Friday, with Asian markets tracking lower in morning trade.
· Japan's Nikkei 225 edged down by 0.11 percent in early trade amid broad losses across sectors, although airlines were a bright spot.
· Across the Korean Strait, the Kospi slipped 0.53 percent, with slight gains in tech heavyweights failing to give the overall index a boost. Over in Australia, the S&P/ASX 200 shed 0.28percent, with the energy subindex the worst-performing sector in the morning.
Reference: Reuters, CNBC
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