A forex trader walks past screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate between the US dollar and South Korean won in a foreign exchange trading room in Seoul, Korea South, Thursday, October 28, 2021 Asian stocks fell on Thursday after a retreat to Wall Street as banks and healthcare companies pulled the S&P 500 and Dow Jones Industrial Average from their last highs.
A forex trader walks past screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate between the US dollar and the South Korean won in a foreign exchange trading room in Seoul, Korea South, Thursday October 28, 2021. Asian stocks fell Thursday after a retreat on Wall Street, as banks and healthcare companies pulled the S&P 500 and Dow Jones Industrial Average from their last highs.
A forex trader speaks near screens showing exchange rates in a forex trading room in Seoul, South Korea on Thursday, October 28, 2021. Asian stocks fell Thursday after a retreat to Wall Street as banks and healthcare companies have pulled the S&P 500 and the Dow Jones Industrial Average are coming back from their last highs.
FILE – A sign for Wall Street hangs outside the New York Stock Exchange on July 8, 2021. Stocks have a mixed start on Wall Street on Wednesday October 27, 2021, a day after the S&P 500 and the Dow Jones Industrial Average has set his latest records. Several large tech companies were posting solid gains, including Microsoft, which posted a 24% increase in profits in the last quarter as its cloud computing business grew.
The New York Stock Exchange operates during regular business hours in the Financial District on Wednesday, October 13, 2021, in the Manhattan neighborhood of New York City. Stocks rise higher early in Wall Street trading on Thursday, Oct. 28, keeping the S&P 500 hovering near the closing high it set on Tuesday.
A currency trader looks at computer screens near the screen showing the Composite Korean Stock Price Index (KOSPI) at a forex trading room in Seoul, South Korea on Friday, October 29, 2021. Asian stocks fell on Friday, despite recent signs of optimism about the global economy, including recent rallies on Wall Street.
Forex traders work near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate between the US dollar and the South Korean won in a foreign exchange trading room in Seoul, Korea South, Friday, October 29, 2021 Asian stocks fell on Friday, despite recent signs of optimism about the global economy, including recent rallies on Wall Street.
A currency trader gestures near screens showing the Composite Korean Stock Price Index (KOSPI), left, and the exchange rate between the US dollar and the South Korean won in a foreign exchange trading room at Seoul, South Korea, Friday October 29. 2021. Asian stocks slipped on Friday, despite recent signs of optimism about the global economy, including recent rallies on Wall Street.
A forex trader walks past screens displaying exchange rates in a forex trading room in Seoul, South Korea on Friday, October 29, 2021. Asian stocks fell on Friday, despite recent signs of optimism about the economy world, including recent rallies on Wall Street.
Forex traders work near the screen showing the Korea Composite Stock Price Index (KOSPI) at a forex trading room in Seoul, South Korea on Friday, October 29, 2021. Asian stocks fell on Friday, despite recent signs optimism about the global market economy, including the recent rallies on Wall Street.
By YURI KAGEYAMA Business Writer AP
TOKYO (AP) – Asian stocks fell on Friday, despite recent signs of optimism about the global economy, including recent rallies on Wall Street.
Japan’s benchmark Nikkei 225 edged down 0.9% in morning trading to 28,559.89 as investors mostly took a wait-and-see stance ahead of Sunday’s national parliamentary elections.
The ruling Liberal Democratic Party, which has governed almost continuously for decades, should continue to remain in power. But opposition is also expected to gain traction amid public dissatisfaction with the government’s handling of the coronavirus pandemic and concerns about the economy.
South Korea’s Kospi lost 0.7% to 2,988.09. The Australian S & P / ASX 200 lost 0.7% to 7,381.50. The Hong Kong Hang Seng fell 0.8% to 25,343.14, while the Shanghai Composite fell 0.1% to 3,514.03.
The massive selloff of some tech stocks in after-hours trading has cast a shadow. Apple fell 5.4% in after-hours trading after the company’s fourth-quarter tax revenue fell below Wall Street estimates. Amazon.com fell 4% in after-hours trading after its third-quarter results missed analysts’ forecasts.
“While sentiments may want to profit from bullish moves on Wall Street overnight, market participants will also digest the weakness of the major tech secondary market, which could dampen some optimism,†said Yeap Jun Rong, strategist. market at IG in Singapore.
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