World markets shrug off tech-led selloff on Wall Street
ABC News
Markets in Europe and Asia have advanced after a historic plunge in the stock price of Facebook's parent company yanked other tech stocks lower on Wall Street
BANGKOK -- Shares in Europe and Asia were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company yanked other tech stocks lower on Wall Street.
Shares rose in Paris, London and Tokyo. Hong Kong jumped 3.3% after reopening from Lunar New Year holidays. Trading in Shanghai will resume on Monday.
But world markets were little affected. Trading has been relatively muted this week, with Chinese markets closed and coronavirus cases still surging in Asia, especially in Japan and Hong Kong,
“Unfortunately, coronavirus is dragging on like ground hog day and touching all of us,” Shane Oliver of AMP Capital said in a commentary.
