Asian shares track Wall Street retreat; big banks tumble

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 99%

Canada Headlines News

Canada Latest News,Canada Headlines

Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic's economic pain.

Shares declined in Hong Kong, Seoul, Sydney and Shanghai while Japanese markets were closed for a holiday.

Asian airlines shares also declined Tuesday on concerns that a resurgence of pandemic precautions may further hit the travel sector. Korean Air Lines Co. lost 2.4%, China Eastern Airlines' swooned 5.6% and Singapore Airlines lost 1.%. The Dow Jones Industrial Average fell 1.8% to 27,147.70 while the Nasdaq composite slipped 0.1% to 10,778.80, after recovering from a 2.5% drop.

The likelihood that Congress may soon deliver more aid to the economy after extra weekly unemployment benefits and other stimulus expired has been diminishing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global markets lower after Wall St declines for third weekGlobal stock markets and U.S. futures tumbled Monday after Wall Street fell for a third straight week and investors were rattled by U.S.-Chinese tension over technology and security and a rise in British coronavirus infections.
Source: CTVNews - 🏆 1. / 99 Read more »

Global markets lower after Wall St declines for third weekGlobal stock markets and U.S. futures tumbled Monday after Wall Street fell for a third straight week and investors were rattled by U.S.-Chinese tension over technology and security and a rise in British coronavirus infections.
Source: CTVNews - 🏆 1. / 99 Read more »

Weather warnings issued as Hurricane Teddy on track to hit Atlantic CanadaA tropical storm watch is now in effect for the Atlantic coastlines of mainland Nova Scotia and Cape Breton, where Teddy could make landfall on Tuesday night Stay safe everyone.....🙏🙏🇨🇦🇨🇦❤️❤️ Here's Freddie sorry I mean Teddie Rumpskin for your story time.
Source: globeandmail - 🏆 5. / 92 Read more »

RBC online banking, trading inaccessible due to 'technical issues'Online banking, retail trading platforms and its telephone support system all down This is Groundhog Day for any minor market correction. Major banks are suddenly ‘unable’ to make transactions but never know why. It’s your clients’ money RBC, not yours.
Source: nationalpost - 🏆 10. / 80 Read more »

Barkley, 49ers hit with potentially season-ending injuries - Sportsnet.caA star-studded cast of NFL players departed their games with injuries on Sunday. Here's a roundup of all the big names who were sidelined during Week 2. Preseason is important
Source: Sportsnet - 🏆 57. / 59 Read more »