Asian shares fell as Wall Street traders held back on big bets before Friday’s US jobs report. US contracts slipped, and key data from China expected Thursday. Investors focus on payrolls and Federal Reserve’s stance. US stock markets will close on Jan. 9 for Jimmy Carter. Rising bond yields and potential market volatility ahead.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq