Asia stocks slip; Australia jobs data for April ahead
Stocks in Asia traded lower on Thursday morning following an overnight drop for stocks stateside.
Shares in Australia were also lower, with the S&P/ASX 200 down 0.7%.
Overall, the MSCI Asia-ex Japan index traded 0.37% lower.
On the economic data front, Australia jobs data for April is set to be released at around 9:30 a.m. HK/SIN on Thursday.
|.N225||Nikkei 225 Index||NIKKEI||20115.60||-151.45||-0.75|
|.HSI||Hang Seng Index||HSI||23834.50||-345.80||-1.43|
|.AXJO||S&P/ASX 200||ASX 200||5371.00||-50.90||-0.94|
|.FTFCNBCA||CNBC 100 ASIA IDX||CNBC 100||7585.02||-64.67||-0.85|
Overnight on Wall Street, the Dow Jones Industrial Average dropped 516.81 points to close at 23,247.97 while the S&P 500 finished its trading day around 1.75% lower at 2,820. The Nasdaq Composite fell 1.6% to close at 8,863.17.
“While the economic response has been both timely and appropriately large, it may not be the final chapter, given that the path ahead is both highly uncertain and subject to significant downside risks,” Powell said in prepared remarks for a webcast event with the Peterson Institute for International Economics.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 100.184 after earlier rising from levels below 100.