Asian Markets Begin Week Mostly Lower 

Asian markets are on a downward spiral Monday in response to dismal U.S. retail sales figures posted last Friday. Japan’s benchmark Nikkei index fell 0.9%.  Australia’s S&P/ASX index closed down 0.7%.  The KOSPI index in South Korea plunged 2.3%, while Taiwan’s TSEC lost just over 4 points, but was virtually unchanged percentage-wise (0.03%).   Shanghai’s Composite index closed 0.8% higher.  In late afternoon trading, Hong Kong’s Hang Seng index rose 0.8%, while the Sensex in Mumbai is down 0.4%.   In commodities trading, gold is up 0.2%, selling at $1,834.00.  U.S. crude oil is selling at $52.18, down 0.3%, and Brent crude is selling at $54.84, down 0.4%.   All three major U.S. indices are trending negatively in futures trading.   

January 18th, 2021 by
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