Bulletin
Investor Alert

Associated Press Archives | Email alerts

Sept. 30, 2021, 11:47 p.m. EDT

Asian markets tumble as Wall Street finishes a miserable month

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    S&P/ASX 200 Benchmark Index (XJO)
  • X
    FTSE Straits Times Index (STI)

or Cancel Already have a watchlist? Log In

By Associated Press

Asian markets tumbled Friday on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic.

Tokyo’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -2.53% skidded 2% and Australia’s benchmark ASX/S&P 200 /zigman2/quotes/210598100/delayed AU:XJO -1.73% sank 1.9%. South Korea’s Kospi slid 1.2%, and benchmark indexes in Singapore /zigman2/quotes/210597985/delayed SG:STI -1.72% , Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -1.61% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -2.06% fell as well. Markets in Shanghai and Hong Kong were closed for holidays.

The S&P 500 ended September down 4.8%, its first monthly drop since January and the biggest since March 2020.

After climbing steadily for much of the year, the stock market has become unsettled in recent weeks with the spread of the more contagious delta variant of COVID-19, surging long-term bond yields and word that the Federal Reserve may start to unwind its support for the economy.

A quarterly survey by the Bank of Japan found business sentiment among Japanese manufacturers has risen to its highest level in nearly three years .

The results of the “tankan” survey, released Friday, found sentiment among large manufacturers rose to 18 from 14. That’s the highest level since late 2018. The reading for nonmanufacturers edged up only slightly, to 2 from 1.

However, it and various other surveys have found manufacturers struggling with shortages of computer chips and other components, amid disruptions to supply chains and shipping that might crimp the recovery from the pandemic.

The S&P 500 /zigman2/quotes/210599714/realtime SPX -2.27% lost 1.2% on Thursday, ending the month 4.8% lower in its first monthly drop since January and the biggest since March 2020, when the viral outbreak rattled markets as it wreaked havoc with the global economy. The benchmark index is still up 14.7% for the year.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% shed 1.6% to 33,843.92, while the Nasdaq /zigman2/quotes/210598365/realtime COMP -2.23% slid 0.4% to 14,448.58.

Bond yields edged lower. The yield on the 10-year Treasury note, a benchmark for many kinds of loans, fell to 1.48% from 1.50% from late Wednesday. It was as low as 1.32% just over a week ago.

In other trading Friday, U.S. benchmark crude oil lost 23 cents to $74.80 per barrel in electronic trading on the New York Mercantile Exchange. It rose 18 cents to $75.03 per barrel on Thursday.

Brent crude oil gave up 29 cents to $78.02 per barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -1.7336% was virtually unchanged at 111.28 Japanese yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,751.62
-747.66 -2.53%
Volume: 0.00
Nov. 26, 2021 3:15p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,279.30
-128.00 -1.73%
Volume: 577,169
Nov. 26, 2021 5:17p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,166.27
-55.25 -1.72%
Volume: 0.00
Nov. 26, 2021 5:20p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
17,369.39
-284.80 -1.61%
Volume: 0.00
Nov. 26, 2021 1:33p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,561.55
-137.79 -2.06%
Volume: 0.00
Nov. 26, 2021 3:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,594.62
-106.84 -2.27%
Volume: 2.10B
Nov. 26, 2021 2:12p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,899.34
-905.04 -2.53%
Volume: 325.39M
Nov. 26, 2021 2:12p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
15,491.66
-353.57 -2.23%
Volume: 3.05M
Nov. 26, 2021 4:14p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
113.3690
-2.0000 -1.7336%
Volume: 0.0000
Nov. 26, 2021 4:59p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.