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Asia stocks slip as growth worries grip global markets

19:30 21-11-2018
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 Asian stocks slipped on Wednesday as intensifying concerns about global economic growth gripped financial markets, sending Wall Street shares tumbling and driving the safe haven dollar up from a two-week low, Reuters reports.

Spreadbetters expected European stocks to open slightly higher on bargain hunting after several days of losses, with Britain’s FTSE edging up 0.15 percent, Germany’s DAX gaining 0.3 percent and France’s CAC rising 0.25 percent.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.45 percent.

The Shanghai Composite Index swerved in and out of the red and was last down 0.05 percent.

Australian stocks lost 0.5 percent, South Korea’s KOSPI retreated 0.4 percent and Japan’s Nikkei fell 0.35 percent.