AFP – Asian markets tumbled yesterday following another sharp sell-off on Wall Street as investors were bombarded by a perfect storm of problems including rising virus infections, new lockdowns, a slowing economic recovery, stalled US stimulus talks and election uncertainty.
Months of mind-boggling gains in global equities have come to a juddering halt this month and expectations are fading that a wall of cash from governments and central banks will jump-start a rebound.
The losses flowed through to Asia again, with Hong Kong, Tokyo, Shanghai, Singapore, Bangkok and Jakarta all down more than 1 percent, while Mumbai and Taipei shed more than 2 percent.
Seoul also slumped more than 2 percent after South Korea said forces from the North had shot a South Korean official and burned him after he disappeared off a patrol vessel and ended up in Pyongyang’s waters.
Sydney, Manila and Wellington were also down.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.