Asian shares ease, bonds await Fed’s easing
Asian share markets withdrew from their all-time peak records on Thursday. The series of decline came after Wall Street was greatly affected by fresh coronavirus restrictions in the United States. Meanwhile, bonds were restricted by speculations that the Federal Reserve would implement more monetary easing.
Commendable pandemic approach seen across Asia had prevented major losses. However, an upsurge in new coronavirus cases monitored in Tokyo drove Japan’s benchmark index Nikkei down 0.4%. The index made a major reversal from its 29-year peak.
MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.5% drop, also easing from its record peak. Meanwhile, Chinese blue chips were a shade higher.
After Wall Street’s crash late Wednesday, futures for the S&P 500 strengthened as their head index declined 1.16%. In addition to this, The Dow tallied a 1.16% plunge, while the tech-heavy Nasdaq shed 0.82%.