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Wall Street drags Asia lower
December 15, 2020SharePrint
Asia equities dip lower as investors in a cautious mood
Wall Street limped to a negative close overnight, as a lack of stimulus progress and a looming full lockdown in New York sapped investor confidence. The S&P 500 fell 0.44%, the Nasdaq rose 0.50%, and the Dow Jones lost 0.53%. The price action is hinting at a defensive rotation while markets await clarity elsewhere.
That has prompted investors to move to the side-lines in Asia, where the Nikkei 225 has eased by 0.40%, and the Kospi has fallen 0.70%. In China, the Shanghai Composite and CSI 300 are 0.40% lower, with corporate credit worries, and technology company fines adding to the temporary gloom. Hong Kong has fallen 0.85% despite the government announcing more Covid-19 support. ....

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