Asia-Pacific markets trade lower as vaccine optimism clashes with economic worries
Asia-Pacific markets fell in morning trade on Thursday as traders grapple with optimism around a potential coronavirus vaccine and economic worries.
In Australia, the benchmark ASX 200 was down 0.35% where resource producers struggled for gains. The country’s so-called Big Four banks traded mixed, with Westpac up by 0.98%.
Japan’s Nikkei 225 declined 0.55% in early trade while the Topix index was down 0.41%. In South Korea, the Kospi index fell 0.51%.
The session in Asia follows U.S. stocks falling for a second straight day, pausing a recent rally to new records.
Reference: CNBC
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