Asian stocks track Wall Street's drop, erasing previous day's gains
MANILA, Nov 21: Asian stocks on Friday tracked Wall Street’s sharp drop in skittish trading, with the region’s major benchmarks erasing the previous day’s gains. US futures were higher, while oil prices declined. Japan’s Nikkei 225 fell 2.4 per cent to 48,645.95 as worries persist about a bubble in artificial intelligence-related shares. Better-than-expected US jobs data also raised the likelihood that the Federal Reserve will hold off on an interest rate cut in December. Investors were awaiting the announcement of […]
MANILA, Nov 21: Asian stocks on Friday tracked Wall Street’s sharp drop in skittish trading, with the region’s major benchmarks erasing the previous day’s gains. US futures were higher, while oil prices declined. Japan’s Nikkei 225 fell 2.4 per cent to 48,645.95 as worries persist about a bubble in artificial intelligence-related shares. Better-than-expected US jobs data also raised the likelihood that the Federal Reserve will hold off on an interest rate cut in December. Investors were awaiting the announcement of […]
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