Visitors stand in front of an electronic bar at the Tokyo Stock Exchange (TSE), operated by the Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020.
Toru Hanai | Bloomberg via Getty Images
Stocks in the Asia-Pacific region were mixed on Tuesday after sharp declines on Monday.
MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.29%. Official data showed that China’s industrial profits in the January-August period fell 2.1% compared to the same period last year.
Overnight in the United States, major stock indices fell. The S&P 500 fell 1.03% to 3655.04, its new closing low of 2022. The Dow Jones Industrial Average plunged into a bear market after losing 329.60 points, or 1.11%, to 29,260.81. The Nasdaq Composite Index fell 0.6% to 10802.92 points.
“The sell-off in bonds and equities continued as weak sterling highlighted the fragility of markets due to policy uncertainty,” ANZ Research analysts wrote in a note on Tuesday. fairy Reached a record low.
CNBC’s Sarah Main and Tanya Machel contributed to this report.