The appreciating Yen against US dollar took a toll on Japanese stocks with Nikkei 225 Index is currently trading 3.49% down at 15,543.17 points.
Mounting concerns over banking sector’s health in Europe and Yen’s appreciation against the greenback continued to haunt Asian stock markets. Besides, a subdued trading session at Wall Street and European stock markets overnight added to the misery of Asian stocks.
The appreciating Yen against US dollar took a toll on Japanese stocks with Nikkei 225 Index currently trading 3.49% down at 15,543.17 points.
China and Taiwan are shut for the week, while markets in Hong Kong, Singapore, South Korea, Malaysia and Vietnam are closed for the Lunar New Year.
Meanwhile, crude oil prices were in green, with the WTI crude trading 2% higher at US$ 28.50/bbl and Brent Crude at US$ 31.30/bbl, up 2.34%.
Among other notable losers in Asian territory include Australia’s S&P/ASX 200 Index at 4,763.80 points (-1.41%), Thailand’s SET Composite Index at 1,296.63 (-0.57%), Indonesia’s Jakarta Composite at 4,748.96 points (-0.41%) and SGX Nifty at 7,255.50 points (-1.02%).
Meanwhile, in India, the S&P BSE Sensex and Nifty 50 are currently trading 0.85% and 0.78% lower at 23,817.94 points and 7,241.20 points respectively.
On Tuesday, the three major European stock markets had posted substantial loss. The UK’s FTSE 100 Index closed at 5,632.19 points (-1.02%), France’s CAC 40 Index at 3,997.54 points (-1.72%) and Germany’s DAX Index at 8,879.40 points (-1.13%).
In the US, Dow Jones Industrial Average yesterday closed 0.08% lower at 16,014.38 points, NASDAQ Composite Index at 4,268.76 points (-0.35%) and S&P 500 Index at 1,852.21 points (-0.07%).
The appreciating Yen against US dollar took a toll on Japanese stocks with Nikkei 225 Index currently trading 3.49% down at 15,543.17 points.
China and Taiwan are shut for the week, while markets in Hong Kong, Singapore, South Korea, Malaysia and Vietnam are closed for the Lunar New Year.
Meanwhile, crude oil prices were in green, with the WTI crude trading 2% higher at US$ 28.50/bbl and Brent Crude at US$ 31.30/bbl, up 2.34%.
Among other notable losers in Asian territory include Australia’s S&P/ASX 200 Index at 4,763.80 points (-1.41%), Thailand’s SET Composite Index at 1,296.63 (-0.57%), Indonesia’s Jakarta Composite at 4,748.96 points (-0.41%) and SGX Nifty at 7,255.50 points (-1.02%).
Meanwhile, in India, the S&P BSE Sensex and Nifty 50 are currently trading 0.85% and 0.78% lower at 23,817.94 points and 7,241.20 points respectively.
On Tuesday, the three major European stock markets had posted substantial loss. The UK’s FTSE 100 Index closed at 5,632.19 points (-1.02%), France’s CAC 40 Index at 3,997.54 points (-1.72%) and Germany’s DAX Index at 8,879.40 points (-1.13%).
In the US, Dow Jones Industrial Average yesterday closed 0.08% lower at 16,014.38 points, NASDAQ Composite Index at 4,268.76 points (-0.35%) and S&P 500 Index at 1,852.21 points (-0.07%).
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