Global Markets Slumping Thursday

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Asian markets were mixed Thursday, ending another rally spurred by hopes of a robust economic recovery from the COVID-19 pandemic.

The Nikkei index in Tokyo fell 0.4 percent at the closing bell, while Hong Kong’s index, the Hang Seng, was down 0.2 percent and Shanghai’s Composite was up 0.1 percent in late afternoon trading.

Elsewhere in the region, Sydney’s S&P/ASX index was down 0.9 percent, Seoul’s KOSPI index was 0.3 percent lower, the TSEC in Taiwan is up 0.1 percent, and Mumbai’s Sensex is up 0.7 percent.

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