SHENZHEN, CHINA – AUGUST 26: Aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong province, China. (Photo by He Shaoping/VCG via Getty Images)
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Asia-Pacific markets opened lower on Thursday after Wall Street closed in the red amid rising geopolitical tensions and comments from US President Donald Trump.
US defense stocks fell after the president’s speech.does not allow“The defense companies will give up dividends or share buybacks before it addresses its industry-related grievances, including executive pay packages and production issues.
Oil prices too fell down overnight after Trump said Venezuela would have an interim government Turns up to 50 million barrels Crude oil shipments to the US are raising concerns about rising global supplies.
Brent oil futures It decreased by 0.51% and made $60.39 per barrel US West Texas Petroleum It added 0.61% to $56.33 a barrel at 7:30 a.m. Singapore time (6:30 p.m. Wednesday).
Standard of Japan Nikkei 225 The Chicago futures contract opened lower at 51,935 and its Osaka counterpart at 51,850, lower than the index’s last close of 51,961.98.
Australia’s ASX/S&P 200 was flat. shares BlueScope Steel The company fell 2.54% on Thursday after rejecting a $9 billion takeover offer from an Australian conglomerate. SGH and located in the USA Steel dynamics.
from Hong Kong Hang Seng Index The futures contract opened lower at 26,458.95 compared to the index’s previous close of 26,348.
US stock futures were little changed in early Asian hours after the Asian session S&P 500 and Dow Jones Industrial Average broke a three-day winning streak.
Overnight, the broad market index fell about 0.3%, while the Dow fell 466 points, or about 0.9%.
Technology is heavy Nasdaq Composite Up nearly 0.2%, driven by parent Google’s 2.4% gain Alphabet which resulted in the market value of the company surpassed Apple for the first time From 2019.
— CNBC’s Pia Singh and Sean Conlon contributed to this report.