Asian stock markets were mostly on Friday after Wall Street closed lower amid uncertainty about the US economic outlook.
Overnight, the Wall Street benchmark S & P-500 index lost 0.3% after reports including one showing more layoffs.
“This may indicate nothing more than a brief pause for repositioning, or a minor correction before the next rising stage,” ING’s Robert Carnell said in a report.
The Nikkei 225 NIK,
in Tokyo it rose 0.1%. The Shanghai SHCOMP Composite Index,
fell 0.5% while Hang Seng HSI of Hong Kong,
added 0.5% a day after pulling out due to weak Chinese retail spending data.
The Kospi 180721,
in Seoul it gained 0.8% and S & P / ASX 200 XJO from Sydney,
down 0.1%. New Zealand NZ50GR,
and Singapore ITS,
advanced while Jakarta JAKIDX,
rejected
Global markets have made up the bulk of this year’s losses, fueled by optimism about working reports about a possible coronavirus vaccine. But economists warn that the increase may be too fast to be backed by uncertain economic activity as infections in the United States and other countries increase.
On Wall Street, the S&P 500 SPX,
it decreased to 3,215.57 on Thursday for its first loss in three days. The Dow Jones Industrial Average DJIA,
it lost 0.5% to 26,734.71. Nasdaq COMP compound,
, which set a record last week, lost 0.7% to 10,473.83.
American investors have been encouraged by signs of increased business activity as antivirus controls are eased. But California and some other areas have re-imposed orders to close bars and some other companies after a new spike in infections.
Enthusiasm was dampened on Thursday by data showing 1.3 million people applied for unemployment benefits last week.
Technology stocks are among the hardest hit on the market, a change in their resilience during much of the pandemic. Microsoft MSFT,
fell 2% and Apple AAPL,
It lost 1.2%. Both still rose approximately 30% this year on expectations that they can continue to grow despite the pandemic.
In the energy markets, the US benchmark crude CLQ20,
it lost 1 cent at $ 40.74 a barrel in e-commerce on the New York Mercantile Exchange. The contract fell 45 cents Thursday to hit $ 40.75. Brent crude BRNU20,
, the position to price international oils, fell 6 cents to $ 43.31 a barrel in London. It fell 42 cents the previous session to $ 43.37.
The USDJPY dollar,
It decreased to 107.23 yen from 107.26 yen on Thursday.
.
