Latest news update: Australian stock market declines after US holiday

Australian stocks fall after U.S. holiday

On Friday morning, the Australian stock market and futures in Japan and Hong Kong fell. After the quiet Thanksgiving holiday in the United States, the Asia-Pacific market started weakly.

The Australian benchmark S&P/ASX 200 fell 0.4% in early trading, while Japan’s Topix Index and Hong Kong’s Hang Seng Index futures fell 0.1% and 0.3%, respectively.

The US market is closed for Thanksgiving on Thursday, and trading hours will be shortened on Friday. In Europe, the Stoxx Europe 600 index closed up 0.4%, as traders weighed the possibility of currency tightening after the strong US economic data released on the previous trading day and the minutes of the Fed’s latest policy meeting.

Data released on Wednesday showed that the number of initial jobless claims each week in the United States has reached the lowest point since 1969, and an inflation indicator followed by the Federal Reserve recorded the largest year-on-year increase since the 1990s in October.

The Australian dollar fell overnight.

Britain and France clashed over the tragedy of immigration across the Straits

Boris Johnson and Emmanuel Macron are working on Thursday to coordinate a coherent response to the deaths of 27 migrants who attempted to cross the English Channel from France and drowned the day before.

The British and French governments have been hindered by the deteriorating relationship since Brexit. They blamed the tragedy on the criminal network of human traffickers and vowed to crack down on these gangs because potential asylum seekers would risk their lives on small boats. .

“Given that France is a transit country, we need to strengthen European cooperation in this regard,” the French president said during his visit to Croatia.

On Thursday, another 62 migrants arrived in the UK by boat, and France intercepted another 30.

Yesterday, tensions between the United Kingdom and France continued, and the British Home Secretary Priti Patel stated that the French government has a responsibility to prevent people from crossing the English Channel. She told the House of Commons: “I have offered to cooperate with France to bring officials to the scene and take all necessary measures to ensure the safety of the area so that vulnerable groups will not risk their lives by entering unseaworthy ships.”

Read more about Johnson and Macron.

Southern African countries are included in the UK travel red list due to Covid variants

The UK will put six southern African countries back on its red list of travel restrictions. The previously severely mutated variants of the coronavirus have seen a sharp increase, which has aroused the vigilance of global health officials.

Government officials said that travelers returning from South Africa, Botswana, Namibia, Zimbabwe, Lesotho and Eswatini will be quarantined in government facilities for 10 days starting at noon on Friday.

Starting at noon on Friday, direct flights from six countries will be banned until hotel quarantine begins at 4 am on Sunday.

Scientists are paying more and more attention to this rule change for the ability of the B.1.1.529 Sars-Cov-2 variant to evade vaccines and to spread faster than the Delta variant. The strain was first discovered in Botswana and is believed to be the reason why South Africa’s new coronavirus cases have returned in the past week.

Read more about New variant.

What to see in asia today

China’s technology gains: Food delivery company Meituan and short video platform Pinduoduo announced their earnings today. After being convicted of monopolistic behavior in October, Meituan had to accept a fine of 3.4 billion yuan ($530 million). Despite the huge fines, some analysts said the company left easily.

market: The US stock market is closed for Thanksgiving on Thursday. Australian stocks fell in early trading, while Japanese futures were flat.

data: The market may be affected by the Australian October retail sales data and Tokyo inflation data released today. Retail sales in September rose for the first time since May, and growth is expected to accelerate in October. ANZ Bank today also reported consumer confidence data in New Zealand.

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