Asian markets mainly down | Nasdaq


(RTTNews) – Asian stock markets are mostly down on Friday, following broadly negative signals from Wall Street overnight, with energy and technology stocks mainly dragging markets lower. Traders remain concerned and cautious amid the rapid spread of the Omicron coronavirus variant in most countries and the likely economic impact of associated restrictions. Asian markets ended Thursday in lackluster.

The Australian stock market is down sharply on Friday, giving up some of the gains from the previous two sessions, with the benchmark S&P/ASX 200 index just above the 7,400 level, following broadly negative signals from Wall Street today. overnight, with weakness across most sectors. , especially technology stocks.

Traders remain concerned about rising domestic Covid-19 cases. New South Wales reported 63,018 new cases and 29 deaths on Thursday and Victoria also reported 34,836 new cases and 18 deaths. Queensland recorded 23,630 new cases and three deaths, ACT reported 1,125 new cases and Tasmania reported 1,201 new cases.

The benchmark S&P/ASX 200 lost 71.20 points or 0.95% to 7,403.20, after hitting a low of 7,386.80 earlier. The broader All Ordinaries index is down 70.30 points or 0.90% at 7,727.20. Australian markets ended slightly higher on Thursday.

Among the major miners, Rio Tinto and Mineral Resources lost more than 1% each, while BHP Group and Fortescue Metals lost 0.4% each. OZ Minerals is down almost 2%.

Oil inventories are mostly lower. Woodside Petroleum and Beach Energy are down almost 1% each, while Santos is down almost 2%. The original energy is flat. Among tech stocks, Appen shed nearly 3%, Afterpay plunged 7.5%, WiseTech Global fell more than 2%, Zip slipped nearly 4%, and Xero slipped more than 3%.

Among the big four banks, Westpac, National Australia Bank and Commonwealth Bank lost more than 1% each, while ANZ Banking fell almost 1%.

Gold diggers are mixed. Evolution Mining is down nearly 1% and Gold Road Resources is down nearly 2%, while Newcrest Mining and Northern Star Resources are up 0.3% each. Resolute Mining is flat.

In economic news, the value of owner-occupied home loans in Australia jumped 7.6% month-on-month in November, the Australian Bureau of Statistics said on Friday – to A$21.34 billion. That beat expectations for a flat reading after October’s 4.1% drop. On an annual basis, total loans increased by 33.2%, homeowner loans by 17.2% and investment loans by 86.9%.

In the currency market, the Australian dollar is trading at $0.727 on Friday. The Japanese stock market is trading sharply lower on Friday, extending the steep losses of the previous session, with the benchmark Nikkei 225 index remaining above the 27,900 level, following broadly negative signals from Wall Street overnight, with weakness across most sectors, especially tech stocks. .

Traders remain worried and cautious as new daily COVID-19 cases continue to top the 10,000 mark, boosted by the fast-spreading omicron variant of the coronavirus.

The benchmark Nikkei 225 closed the morning session at 27,945.70, down 543.43 points or 1.91%, after hitting a low of 27,889.21 earlier. Japanese stocks closed significantly lower on Thursday.

Market heavyweight SoftBank Group lost more than 2%, while operator Uniqlo Fast Retailing jumped more than 7% after posting a record first-quarter profit. Among automakers, Honda lost almost 2% and Toyota lost more than 1%.

In technology, Advantest lost almost 3%, Tokyo Electron was down 0.5% and Screen Holdings was down almost 2%.

In the banking sector, Mizuho Financial lost 0.6%, Sumitomo Mitsui Financial lost almost 1% and Mitsubishi UFJ Financial lost more than 1%.

Among the main exporters, Mitsubishi Electric and Panasonic lost almost 1.5% each, while Canon lost more than 1% and Sony fell almost 3%.

Among other big losers, Hitachi Construction Machinery plunged 17%, while Toyota Tsusho and Recruit Holdings lost more than 6% each. Yokogawa Electric, M3, Taiyo Yuden and Olympus are down more than 5% each, while Murata Manufacturing, Nissan Chemical and Tokyo Tatemono are down nearly 5% each. Bandai Namco Holdings, Mitsui Chemicals, Fanuc, Yokohama Rubber and Mitsui Fudosan are down more than 4% each.

Conversely, Seven & I Holdings gained 4.5%. In economic news, producer prices in Japan fell 0.2% month on month in December, the Bank of Japan said on Friday. That missed expectations of a 0.3% increase and was down from November’s upward-revised 0.7% (originally 0.6%). On a yearly basis, producer prices rose 8.5% – again missing expectations for an 8.8% gain and down from the upwardly revised 9.2% the previous month ( 9.0% at origin). Export prices fell 0.8% on the month and rose 13.5% year on year last month, the bank said, while import prices fell 0.4% over the month and climbed 41.9% year on year.

In the currency market, the US dollar is trading in the upper range of 113 yen on Friday.

Elsewhere in Asia, South Korea fell 1.5%, while New Zealand, China, Hong Kong, Malaysia, Taiwan and Indonesia were down 0.1-0.8% each. Singapore bucked the trend and posted an increase of 0.4%.

On Wall Street, stocks showed significant move back lower in Thursday’s session, with tech stocks leading the way lower. The tech-heavy Nasdaq took a particularly steep drop, ending the day at its lowest closing level in three months.

Major averages saw a further decline at the close, ending the session near their worst levels of the day. The Nasdaq plunged 381.58 points or 2.5% to 14,806.81, the S&P 500 fell 67.32 points or 1.4% to 4,659.03 and the Dow fell 176.70 points or 0.5% to 36,113.62.

Meanwhile, major European markets ended the day on a mixed note. While the French CAC 40 index fell 0.5%, the German DAX index climbed 0.1% and the British FTSE 100 index edged up 0.2%.

Crude oil prices lost ground on Thursday as investors took advantage of recent gains that led to a two-month closing high. West Texas Intermediate crude for February delivery fell $0.52 or 0.6% to $82.12 a barrel after surging $1.42 or 1.7% to $82.64 a barrel during the previous session.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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