European shares rise, Asian stocks fall as investors await US stimulus
- Date: 26-Jan-2021
- Source: Gulf Today
- Sector:Financial Markets
- Country:Middle East
European shares rise, Asian stocks fall as investors await US stimulus
Asian stock
Asian stocks declined due to concerns about the potential obstacle to the Biden administration's $1.9 trillion stimulus package.
South Korea and Hong Kong topped losers and fell more than 2% each, Japan slipped 0.9% and Chinese stocks shed 1.6%. MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.5% to 717.3.
Vasu Menon, senior investment strategist at OCBC Bank Wealth Management said: "there have been some warning bells from different parts of the world as we've seen more lockdowns in Europe, US and Asia."
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