Asian Equities Lower after Wall Street

Asian stocks fell on Thursday, dragged lower after the first case of Ebola diagnosed in the United States spooked Wall Street overnight, while a bout of risk aversion pushed down yields and put the dollar’s recent rally on pause.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.2 percent, and Tokyo’s Nikkei .N225 shed 1.3 percent.  Hong Kong streets were calm early on Thursday as while police largely kept their distance from tens of thousands of mostly young people who have continued protests for nearly a week.

U.S. stocks dropped more than 1 percent on Wednesday as the Ebola news scared investors, economic data pointed to uneven growth, and the Russell 2000 index of small-cap shares entered correction territory.  Investors warmed to the Japanese currency after a slew of surveys showed German factory activity shrank for the first time in 15 months, China’s manufacturing sector barely grew, while the United States slowed more than expected.

Reuters

 

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