Asian Markets Tracks Wall Street Lower

From Nasdaq: 2025-05-21 23:01:00

Asian stock markets are trading lower on Thursday due to concerns about rising treasury yields and the fiscal impact of a new U.S. tax bill. The lack of progress on new trade deals is also affecting markets. The Australian market is notably lower, with the S&P/ASX 200 falling to near the 8,300 level. Major miners like BHP Group and Rio Tinto are down, while gold miners are a bright spot. In Japan, the Nikkei 225 is significantly lower, with weakness in sectors like technology and banking. Overall, South Korea is down, while Indonesia is up. On Wall Street, stocks ended sharply lower, led by the Dow’s 1.9% plunge.



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