Japan’s Nikkei share average fell to a one-month low on Monday as selloff gripped the market on the first trading day of 2020 on fears of an escalation in U.S-Iran tensions.
U.S. President Donald Trump on Sunday threatened a “major retaliation” against Iran if Tehran were to hit back for the killing of one of its top military commanders.
The Nikkei share average fell 1.91% to 23,204.86, breaking below two-major support levels - 25-day moving average around 23,600 and 50-day average around 23,350 - to its lowest level since Dec. 4.
The broader Topix lost 1.39% to 1,697.49, its lowest close since late November. The Tokyo stock market was closed from Tuesday to Friday last week for New Year holidays.
· China’s blue-chip index gave up early gains to end lower on Monday as rising tensions in the Middle East dampened sentiment, forcing investors to overlook positive cues such as progress in U.S.-China trade talks and Beijing’s policy support to prop up the economy.
The blue-chip CSI300 index ended 0.4% lower at 4,129.30, while the Shanghai Composite Index was flat at 3,083.41.
European stocks opened lower on Monday, as investors monitor rising tensions between the United States and Iran.
The pan-European Stoxx 600 slipped 0.6% in early deals, with autos falling 1.2% to lead losses as all sectors except oil and gas, which has been buoyed by flaring Middle East tensions, traded in the red.
· European stocks opened lower on Monday, as investors monitor rising tensions between the United States and Iran.
The pan-European Stoxx 600 slipped 0.6% in early deals, with autos falling 1.2% to lead losses as all sectors except oil and gas, which has been buoyed by flaring Middle East tensions, traded in the red.
Reference: Reuters, CNBC
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