Shares in Australia lead losses as Asia-Pacific markets slip following overnight Wall Street plunge
Shares in Asia-Pacific fell in morning trade on Thursday following an overnight plunge on Wall Street as coronavirus cases continue to surge in the West.
Australia led losses among the region’s major markets, as the S&P/ASX 200 dropped 1.54%, with shares of the country’s so-called Big Four banks declining: Commonwealth Bank of Australia dipped 0.5%, Westpac slipped 1.64%, Australia and New Zealand Banking Group fell 2.82% and National Australia Bank shed 1.54%.
Over in Japan, the Nikkei 225 declined 0.77% while the Topix index shed 0.55%. Shares of Sony, however, surged more than 5% after the firm raised its annual profit outlook.
South Korea’s Kospi fell 1.22%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.42% lower.
Reference: CNBC
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