Asian shares ease on Brexit, stimulus concerns

10.12.2020 - Petr Mazaylo
Asian shares ease on Brexit, stimulus concerns

Asian share markets took a breather from their milestone peaks on Thursday. The series of declines could be attributed to investors’ dampened sentiment brought by a sell-off in tech stocks and stimulus concerns in the United States. In addition to this, sterling traders were seen wary over an impasse in Brexit talks.

MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.34%, while Japan’s benchmark Nikkei salvaged initial losses to trade 0.1% weaker. Both indexes advanced more than 60% from March lows. Meanwhile, S&P 500 e-minis shed early gains and remained flat during its afternoon trade in Asia.

The tech-heavy Nasdaq plunged nearly 2% on Wednesday. This followed after regulators filed lawsuits against Facebook, sending the company’s shares down 1.9% Moreover, S&P Dow Jones Indices planned to remove Chinese companies from its equities and bond indices.

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