Asian stocks fell, with the regional benchmark index headed for a five-month low, after U.S. shares tumbled amid European slowdown concerns. Hong Kong’s government canceled talks with pro-democracy protesters.
The MSCI Asia Pacific Index (MXAP) dropped 1.1 percent to 137.19 as of 9:04 a.m. in Tokyo, before markets opened in Hong Kong and China. The measure is headed for its lowest close since May 7 and a fifth weekly decline. European Central Bank President Mario Draghi said the central bank must lift inflation from an “excessively low” level as the recovery falters. The Standard & Poor’s 500 Index sank the most since April. Federal Reserve policy makers said in minutes of their last meeting that slowing global growth and the stronger greenback posed potential risks to the U.S. outlook.
“Europe’s still in trouble,” said Jasper Lawler, a London-based market analyst at CMC Markets. “With stock valuations at lofty levels, investors are worried about anything that could derail earnings.”
Bloomberg
0 коментарі:
Post a Comment