Friday, 4 December 2015

Asian markets trade lower: Latest Updates on Asian Market

Asian Market: Asian equities traded lower on Friday, after Wall Street closed in the red as investors digested comments from the Fed and the European Central Bank (ECB).

The Dow Jones Industrial Average ended 252 points or 1.42 percent lower at 17,478 while the S&P 500 was down 30 points or 1.44 percent at 2,049. The Nasdaq was down 86 points or 1.7 percent at 5,038.

Elsewhere, ECB president Mario Draghi announced monetary policy measures that fell short of market expectations. 
The central bank cut deposit rate by 10 basis points to negative 0.3 percent and said its asset purchase program will also be extended until at least March 2017 and broadened in scope.

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