Asia markets trade lower; major indexes in Japan, South Korea, Australia and China fall

Asia markets trade lower; major indexes in Japan, South Korea, Australia and China fall

Monday, February 05, 2018


Epic Research Update : Asian Markets
Asia markets fell across the board in Monday morning trade, following a sharp decline in US stocks on Friday amid a stronger-than-expected jobs report that sent interest rates higher.

In Australia, the ASX 200 fell 1.41 percent to 6,034.80 in late-morning trade, with most sectors trading lower. The heavily weighted financial subindex was down 1.26 percent, while the energy and materials sectors fell 2.39 percent and 1.96 percent, respectively.

The biggest banking names in the country fell: Shares of ANZ were down 1.48 percent, Commonwealth Bank declined 1.15 percent, Westpac was down 1.45 percent and the National Australia Bank fell 1.42 percent.


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