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Asia-Pacific Markets Tumble as US Retail Volatility Spooks Investors into Booking ProfitsSouth Korean shares fell for a fourth consecutive session on heavy profit-taking by foreign investors. Aussie shares dragged down by mining stocks.
Jan 29, 2021 10:35 AM GMT
The major Asia-Pacific stock indexes were down across the board on Friday as many investors booked profits ahead of the weekend, with South Kospi leading losses among the region’s major markets.
A shift in risk sentiment was mostly responsible for today’s weak performance as investors expressed concerns over rising global coronavirus cases, a slower-than-expected vaccine rollout and uncertainty over the size and timing of President Biden’s stimulus package proposal.