Sunrise scene of downtown Seoul city skyline, aerial view of Namsan Park N Seoul Tower in morning twilight sky. Best Viewing Spots and Hiking in Inwangsan Mountain, Seoul, South Korea
Munchor Chuwang | Moment | Getty Images
Asia-Pacific markets opened lower on the penultimate trading day of the year after Wall Street fell on Friday.
Korean Cospi It fell 0.3%, and the Kosdaq fell 0.41%. South Korea suffered its worst air crash on Sunday when a Jeju Air plane crashed into a wall and caught fire at Muan International Airport, killing 179 people. Jeju Air shares opened down 13%.
Korea is a country Industrial output fell 0.7% quarter-to-quarter November’s decline was larger than Reuters’ forecast of 0.4%. On an annual basis, industrial output grew 0.1%, below Reuters’ forecast of a 0.4% increase. This compares with a 6.3% increase in October.
South Korea’s parliament voted to impeach acting President Han Deok-soo on December 27, shortly after President Yoon Seok-yeol was impeached over the brief period of martial law that plunged the country into political turmoil.
Australia’s S&P/ASX 200 index fell 0.4%.
Japanese Nikkei 225 Index It fell 0.21% in the first hour of trading, while the Topix traded near the flat line.
This week, traders await China’s manufacturing PMI due on Tuesday, while markets will be closed for the New Year’s Day holiday on Wednesday.
U.S. stocks fell on Friday, led by technology stocks, but major averages were still up for the week.
The blue-chip Dow Jones Industrial Average fell 333.59 points, or 0.77%, to 42,992.21 points, its first decline in six trading days. The S&P 500 fell 1.11% to 5,970.84 points. The Nasdaq fell 1.49% to 19,722.03 points, Tesla fell about 5%, and Nvidia fell 2%.
—CNBC’s Yun Li and Pia Singh contributed to this report.
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