Simmering US-China tensions trigger dip in Asian shares
November 24, 2020

Waning US-China relations trigger dip in Asian shares

TOKYO (JAPAN) – On Thursday, Asian shares and US stock witnessed a fall amid concern about waning Sino-US relations and fears of a resurgence of coronavirus cases.

European markets looked set to follow Asia with Euro Stoxx 50 futures dropping by 0.83%, German DAX futures slipping 0.73%, and FTSE futures registering a drop of 0.53%.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped by 1.18%, while Nikkei in the Japanese capital witnessed a dip of 0.74%. E-mini stock features of US S&P 500 slid by 0.43%.

China shares slumped by 1.59% and Australian stocks came down by 0.9% after unemployment rates surged reaching the highest level since the 1990s. Hong Kong also witnessed shares falling and so did Seoul.

(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field

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