Asia Markets Trade with Fear as the Worry of US Government Shutdown Hit the Region
Following the US government shutdown since last Friday, Asia markets start its trading in Monday morning session with much cautious.
The VOA news reported that the senate will be adjourned until the 27th, of December, and that the shutdown affected more than 800,000 federal employees, half of whom will continue to work without pay on operations deemed essential, like medical professionals in the Veterans Hospitals and TSA agents.
“380,000 federal workers or more could be placed on temporary leave without receiving pay”, reports CNBC.
Dow Jones slumped 414 points or 1.81% last Friday as a selloff came just before the market closed when investors were certain of the shutdown. It was the worst week of Dow Jones in 10 years. Meanwhile, S&P 500 sank 2.06% and NASDAQ plunged 2.99% to close in a bear market.
Seeing that the shutdown would have huge effects to the US government during the most important holiday, Asia markets trade lower as NIKKEI slid 1.11%, SSEC skidded 0.19%, HSI lowered 1.16%, KOSPI downed 0.42%, while ASX 200 went the opposite way and traded higher by 0.26%.
