Asian stocks were mostly lower on Monday after Wall Street closed out a miserable September with a loss of 9.3 per cent, reports AP.
This is the worst monthly tumble since March 2020, the period of Covid-19 outbreak across the globe.
Tokyo rose while other regional markets declined. Shanghai was closed for China’s weeklong National Day holidays.
Japan’s Nikkei 225 index gained 1.1 per cent to 26,215.79 after a Bank of Japan quarterly survey showed sentiment among manufacturers has darkened, reflecting rising costs, the weakening yen and lingering pandemic-related restrictions.
Elsewhere in Asia, Hong Kong’s Hang Seng index fell 0.9 per cent to 17,073.81. Australia’s S&P/ASX 200 slipped 0.3 per cent to 6,456.90. Taiwan’s Taiex lost 0.9 per cent and Bangkok’s SET declined 1.3 per cent.
The S&P 500 fell 1.5 per cent to close at 3,585.62 Friday. The Dow Jones Industrial Average dropped 1.7 per cent to 28,725.51.
The Nasdaq composite slid 1.5 per cent to 10,575.62. The tech-heavy index sank 10.5 per cent in September and is down 32.4 per cent so far this year.
Smaller company stocks also had a rough September.
The Russell 2000 ended the month down 9.7 per cent. On Friday, it lost 0.6 per cent to 1,664.72.
Bd-pratidin English/Golam Rosul
