U.S. Stock Market Back-to-Back Slump, Asian’s Hope for Rebound
It is a two-day slump for the U.S. stock market for the same old reason, but Asian markets seem to get a hold of the situation.
Dow Jones Slumped as much as 698.97 points on October 12, 2018 and close the day with a fall of 545.91 points. A day before, Dow Jones also dropped 831 points to make it a two days straight fall for more than 1,300 points, as investors are on the roll to abandon riskier assets like stock and put it in a good use on safe assets like bonds and gold.
The S&P 500 dropped 2.1% to 2,728.37 points, a sixth straight decline. While the Nasdaq Composite plunged 1.25% to 7,329.06 points and briefly entered correction territory at its lows on Thursday.
Dow Jones was able to bounce back from almost 700 points right after a report of President Donald Trump would meet with Chinese President Xi Jinping next month in G-20 summit, raising hope to all investors in the stock market to see if the trade dispute could be solved.
As for the Asian markets at 9:25 in Thailand, the outlook does not as bad as yesterday’s morning. NIKKI fell 110.64 points or 0.49%. SSEC slid 20.33 points or 0.79%. ASX skidded 2.30 points or 0.04%. HSI bounce back 112.63 points or 0.45%. KOSPI gained 21.95 points or 1.03%.
