Asia shares tumble to a close as oil crash spooks investors

Record ID: 1470283

  • Title: Asia shares tumble to a close as oil crash spooks investors
  • Date: 21st April 2020
  • Summary: TOKYO, JAPAN (APRIL 17, 2020) (REUTERS ) DESKS AT TOKYO STOCK EXCHANGE STAFF WORKING EXTERIOR OF TOKYO STOCK EXCHANGE SIGN READING (English): "JPX TOKYO STOCK EXCHANGE HONG KONG, CHINA (APRIL 21, 2020) (REUTERS) EXTERIOR OF HONG KONG EXCHANGE SQUARE DISPLAY SHOWING HANG SENG INDEX AFTER MARKETS CLOSE PEOPLE WALKING PAST HONG KONG EXCHANGE SQUARE TICKER SHOWING STOCK PRICES TRAFFIC MOVING IN HONG KONG'S FINANCIAL DISTRICT HONG KONG, CHINESE AND HONG KONG EXCHANGE FLAGS FLYING VARIOUS OF ENTRANCE TO HONG KONG EXCHANGES AND CLEARING VARIOUS OF PEOPLE WALKING ON WALKWAY AND ESCALATOR SEOUL, SOUTH KOREA (APRIL 21, 2020) (REUTERS) TRAFFIC ON SEOUL STREET PEOPLE CROSSING ROAD INTERIOR OF DEALING ROOM AT KEB HANA BANK ELECTRONIC BOARD SHOWING KOSPI ELECTRONIC BOARD SHOWING STOCK PRICES VARIOUS OF DEALERS WORKING SHANGHAI, CHINA (APRIL 21 ,2020) (REUTERS) ELECTRONIC TICKER BOARD IN FRONT OT PEARL TOWER ELECTRONIC BOARD SHOWING SHANGHAI COMPOSITE INDEX AND SHENZHEN COMPONENT INDEX VARIOUS OF ELECTRONIC TICKER BOARD
  • Embargoed: 5th May 2020 10:45
  • Keywords: COVID-19 Equities coronavisus lockdown markets negative oil prices shares stocks
  • Location: SEOUL, SOUTH KOREA/TOKYO, JAPAN / HONG KONG, CHINA
  • City: SEOUL, SOUTH KOREA/TOKYO, JAPAN / HONG KONG, CHINA
  • Country: Various
  • Topics: Economic Events,Equities Markets
  • Reuters ID: LVA002CAFNCXZ
  • Aspect Ratio: 16:9
  • Story Text:Asia shares tumbled to a close on Tuesday (April 21) after the U.S. crude futures' historic plunge overnight prompted investors to stay away from riskier assets.
    In South Korea, the Korea Composite Stock Price Index (KOSPI) closed down 1.0% to 1,879.38 points. Japan's Nikkei 225 closed down 2% at 19,280.78. Hong Kong's benchmark Hang Seng index fell the most in nearly one month, slipping 2.2% to 23,793.55, while Shanghai Composite Index declined 0.9% to 2,827.01 points.
    Monday's historic plunge in oil, which saw some prices reach -$40 a barrel, is the result of growing crude stockpiles and a squeeze on storage space as lockdowns to contain the spread of the novel coronavirus slash global fuel use.
    Dismal company earnings reports also underlined worries about economic damage from the coronavirus pandemic.
    (Production: Jiang Xihao, Akiko Okamoto, Dogyun Kim, Hyunyoung Yi, Aleksander Solum, Travis Teo)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2020. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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