Global Market Today: Asian Stocks Drop on Inflation Concerns, Oil Gains
5 Articles
5 Articles
Global Market Today: Asian stocks drop on inflation concerns, oil gains
MSCIs Asia Pacific index for equities slipped 0.3%, with shares in Japan and South Korea falling, while markets in mainland China return from a holiday. Shares of Samsung Electronics Co. fluctuated between gains and losses after the chip bellwether reported record profit but still missed estimates.
Asian stock markets are trading cautiously on Friday as there are not too many reasons to buy riskier investments, so the Asian MSCI index is on a losing streak for the second week in a row.
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