Korea Leads Asia Downward - InvestingChannel

Korea Leads Asia Downward

Stocks in Asia Pacific dropped in Friday afternoon trade after an overnight plunge on Wall Street amid fears of a second wave resurgence of the coronavirus pandemic.

In Tokyo, the Nikkei 225 dropped 167.43 points, or 0.8%, to 22,305.48. The Japanese yen traded at 107.07 per U.S. dollar after seeing an earlier high of 106.57.

The Hang Seng index in Hong Kong forfeited 178.77 points, or 0.7%, to 24,301.38, as shares of HSBC fell 1.6%.

Korean markets were held down as shares of automaker Hyundai Motor fell 4.6%.

The Australian dollar was at $0.6858 after plunging from levels above $0.696 observed in the previous trading day.

In other markets

In Shanghai, the CSI 300 eked higher 7.2 points, or 0.2%, to 4,003.08.

In Korea, the Kospi lost 44.48 points, or 2%, to 2,132.30

In Taiwan, the Taiex index flopped 105.33 points, or 0.9%, to 11,429.94

In Singapore, the Straits Times Index let go of 19.58 points, or 0.7%, to 2,684.63.

In New Zealand, the NZX 50 dumped 248.98 points, or 2.2%, to 10,905.94

In Australia, the ASX 200 dwindled 112.83 points, or 1.9%, to 5,847.81.