SEOUL, South Korea (AP) — Asian stocks fell Thursday amid worries about the strength of U.S. and European recoveries and the first American case of Ebola.
KEEPING SCORE: Japan’s Nikkei 225 index lost 1.7 percent to 15,815.45 points and South Korea’s Kospi fell 0.9 percent to 1,973.31. Australia’s S&P/ASX 200 declined 0.7 percent to 5,295.7. Stocks in Southeast Asia also lost ground. Markets in Hong Kong and China were closed for a public holiday.
SLOW GERMAN DATA: A survey showed German manufacturing unexpectedly contracted in September for the first time in 15 months, the latest sign Europe is being hurt by sanctions imposed on Russia over its role in Ukraine.
US MANUFACTURING: A closely watched monthly survey by the Institute for Supply Management came in below expectations, helping to drive a selloff on Wall Street.
EBOLA: U.S. airlines were among the hardest hit as investors fretted people would be discouraged from traveling after reports of the country’s first case of Ebola.
ANALYST TAKE: “Confirmation of a case of Ebola in the U.S. has joined a growing list of bad news stories with geo-political tensions in Ukraine and Hong Kong, and growth concerns around China and Europe sapping risk appetite,” said Niall King of CMC Markets in a commentary. More
No comments:
Post a Comment