Underperformance has become the norm of late, with Japan’s Nikkei Stock Average stalling just below 20,000, a level it hasn’ t reached since December 2015.
Australian and Japanese stocks again lagged behind other Asian equities on Friday, with oil’s sharp overnight pullback putting pressure on those equities.
Underperformance has become the norm of late, with Japan’s Nikkei Stock Average stalling just below 20,000, a level it hasn’ t reached since December 2015, and Australian equities hit by concerns about banks in the wake of a planned new tax on the country’s biggest lenders.
Oil fell nearly 5% overnight even after the Organization of the Petroleum Exporting Countries did what many expected in extending its continuing production-cut deal by nine months.
