admineconomy, but oil edged up on bargain hunting after the previous day’s plunge.
Global investors have become nervous about the strength of the recovery after disappointing jobs data out of the United States and manufacturing figures in Europe.
Commodities prices have also been hit by a strengthening dollar after the European Central Bank played down its concerns about inflation, lowering the prospect of another eurozone rate in the near future. Tokyo’s Nikkei, which has been closed for the past three days for public holidays, tumbled 1,82 percent by the break, Hong Kong was off 1,18 percent, Shanghai lost 0,90 percent, Sydney dropped 0,22 percent and Seoul slumped 1,58 percent.
Resource firms led the losses as the price of commodities including gold, silver and oil tumbled on demand concerns.
In Australia, mining giant BHP Billiton was down 2,2 percent and rival Rio Tinto fell 2 percent while Japan’s Inpex lost 5,5 percent and South Korean firm S-Oil Corp. lost 6,8 percent. – AFP.
Online Reporter
- Herald
- July 30, 2026
- 42 views
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