Japan markets shaken by Abe resignation news

28.08.2020 - Davydova Maria
Japan markets shaken by Abe resignation news

Financial markets in Japan were shaken during afternoon trade after news revealed that Japanese Prime Minister Shinzo Abe would be resigning due to health reasons.

The news came as investors still digested the U.S. Fed decision to shift its policy framework to focus on economic growth without any concern for rising inflation rates.

The Japanese Yen retreated from a two-week low and rose against the Dollar to $106.36. Meanwhile, stocks in Tokyo cut back losses while still falling by 1.14%

MSCI’s broadest index of Asia-Pacific shares outside Japan inched up by 0.25%, while U.S. stock futures gained 0.6%.

Down Under, Australian stocks slipped by 0.62%, while stocks in China gained 1.04%.

Outside of Asia, Eurostoxx futures rose 0.54%, German stock futures gained 0.6% and FTSE futures rose 0.49%.

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