BEIJING – Wall Street Asian stocks continued to lower on Friday after disappointing U.S. jobs and economic data.
Overnight, the Wall Street benchmark S&P 500 index lost 0.4% for its third straight daily decline.
Stocks fled after the U.S. government reported that 861,000 people applied for unemployment benefits last week. The minutes of the most recent meeting of the Federal Reserve showed that central bank officials believe that coronavirus pandemic disease continues to pose significant risks to the economy.
In Washington, Finance Secretary Janet Yellen urged Congress not to circumvent the $ 1.9 trillion aid package proposed by President Joe Biden. She said the economy was in a “deep hole” despite signs of development.
“The market still seems to be on a reconnecting path, but the choppier route will get out of here,” Stephen Innes of Axi said in a report. He said further development needed a “continued economic growth recovery” as government and central bank support was already reflected in asset prices.
Shanghai SHCOMP Integrated Index,
they lost 0.3% and the Nikkei 225 NIK,
in Tokyo it sank 1.2%. An Hang Seng HSI,
in Hong Kong lost 0.8%.
An Kospi 180721,
in South Korea back 0.5% and S & P / ASX 200 XJO in Sydney,
fall 1.4%. Markets in Taiwan Y9999,
STI Singapore,
and Indonesia JAKIDX,
also back.
On Wall Street, the S&P 500 SPX,
it fell to 3,913.97. Dow Jones industrial average DJIA,
lost 0.4% to 31,493.34. The Nasdaq Composite COMP,
fell 0.7%.
Also on Friday, an initial version of Japan’s monthly purchasing managers ’index rose to its highest level in just over two years. That said, manufacturers are dealing with the latest emergency situation in the country better than many expected.
Stock prices have risen over the past six months in hopes of developing coronavirus vaccines. But sentiment has been eroded by controversial data after renewed infectious spikes in the United States and Europe prompted governments to reposition business travel and loops.
In energy markets, US crude CLH21 noted,
fell $ 1.49 per barrel to $ 59.04 in electronic commerce on the New York Mercantile Exchange. The contract lost 62 cents Thursday to close at $ 60.52. Brent crude BRNJ21,
used for international oil prices, back $ 1.41 per barrel to $ 62.52 in London. 41 cents I lost the previous session to $ 63.93.
The USDJPY dollar,
unchanged at 105.67 yen.