Asian markets follow Wall Street descent amid concern over reopening economy


Asian markets fell on Wednesday early in the session, as investors remained cautious as global economies slowly began to reopen due to closures linked to coronaviruses.

Nikkei from Japan
NIK
-0.76%

fell 0.8% while the Hong Kong Hang Seng Index
HSI
-0.06%

He rose slightly. Shanghai complex
SHCOMP
-0.28%

down 0.2% while the smaller compound from Shenzhen
399106,
-0.07%

it was off plan. South Korean kospi
180721,
+ 0.03%

gained 0.1%, while benchmarks fell in Singapore
HIS,
-0.32%

and Indonesia
JAKIDX
-0.84%

but he got up in Taiwan
Y9999
+ 0.09%

. S & P / ASX 200 Australia
XJO
-0.82%

slipped by 1%.

Stocks on Wall Street fell sharply on Tuesday, when the country's top public health officials warned of certainty of new, deadly coronavirus outbreaks if U.S. companies opened before it was safe, while companies Federal Reserve authorities have warned that the economy would be in dire straits if businesses remained closed.

Dow Jones industrial average
DJIA
-1.88%

He lost more than 450 points for his worst loss in a day since May 1. The S&P 500
SPX
-2.05%

and Nasdaq
COMP,
-2.06%

the two lost more than 2%, the Nasdaq achieving a streak of six consecutive wins.

"Asian stocks are following their US counterparts down after warnings against an premature reopening of the economy and pessimistic and troubling by the risky remarks of regional heads of the Federal Reserve," wrote Stephen Innes, strategist in head at AxiCorp World Markets, in a note.

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