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Thursday, October 3, 2019

Asian markets are muted, and economy worries aren't going away

Japan's Nikkei 225 (N225) fell 0.2%. South Korea's Kospi (KOSPI) was bouncing between small gains and losses. Hong Kong's Hang Seng Index (HSI) moved slightly lower.
Continued uncertainty over several trade disputes has investors on edge. Plans by the United States to soon impose tariffs on $7.5 billion worth of European exports added another complication this week to the pile of concerns that investors are considering.
Overnight in the United States, markets experienced a volatile day of trading. The Dow fell by as much as 335 points after the Institute of Supply Management reported worse-than-expected growth for the US services sector.
The index rallied back, though, to close higher as investors' hopes for a rate cut by the Federal Reserve rose.
Chinese markets remained closed Friday for the holiday week. They will reopen next Tuesday.

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