NEW YORK – Asian stocks came under pressure on Thursday as a mixed Wall Street session gave investors few immediate reasons to increase their risk positions following the recent social media-driven trading chaos.
Markets have calmed significantly in the past few days with the Cboe Volatility index down on Wednesday as wild swings in stock prices of GameStop and other social media favorites subsided and the retail trading frenzy faded.
However, caution continues to dominate sentiment despite positive corporate earnings and firm signs of economic recovery.
The Australian S&P/ASX 200 index lost 0.34% during early trade and Japan’s Nikkei 225 fe…
Keep on reading: Asian stocks ease as caution persists despite calmer markets