Asian markets end lower; European markets slip


Asian stock markets ended mostly lower on Wednesday with the Nikkei 225 ended above 30,000. The Topix index rose 0.79%, whereas South Korea’s Kospi also shed 0.77%, while the S&P/ASX 200 in Australia declined 0.24%.

On the economy front, Japan’s economy saw 1.9% annualized growth, higher than the initial estimate for a 1.3% rise, revised government data showed Wednesday.

European stocks retreated on Wednesday with the pan-European Stoxx 600 fell. On the sectoral front, autos dropping 1.8% to lead losses as all sectors and major bourses slid into the red.

Meanwhile, US equities mostly ended lower as growing concerns about the rising delta variant of Coronavirus cases weighed on investors’ sentiments. Also, rising delta variant cases with a slowing pace of vaccination rate started impacting economic data. Sharp miss in August month nonfarm payroll data was reflective of slowing economic activities. For the coming days, Fed’s Beige book report, PPI data and jobless claim data would be in focus. Additionally, the ECB meeting on Thursday will be in focus considering the recent hawking statement issued by select ECB officials. 

The Dow Jones Industrial Average dropped 269.09 points to 35,100 while the S&P 500 shed 0.34% to 4,520.03. The Nasdaq Composite advanced fractionally to 15,374.33.

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( With inputs from indiainfoline)