Asian stocks were mostly negative on Tuesday as the Delta coronavirus variant spread in key markets and Chinese officials took aim at video game producers, once more rattling investor confidence in the mainland's markets. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat in the afternoon session after opening in negative territory. Japan's Nikkei was off 0.52% later on Tuesday.
Asian stock markets followed Wall Street lower on Tuesday as jitters about the fast spread of the coronavirus's delta variant dented enthusiasm about strong corporate profits.
Asian stocks slipped on Tuesday, as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, rattling investor confidence. Trade in Asia faced a weaker lead from Wall Street after investors there considered the impact the increasing number global cases of Delta could have on global economic growth. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.40% in early trading.
The final month of summer has come, and COVID-19 is hitting differently around the world.
(Bloomberg) -- A recovery in Chinese stocks following a meltdown at the start of last week underscored how investors in emerging markets have few alternatives that are as big and liquid.After ditching the Asian nation’s assets amid the turmoil, there are already signs that folks are creeping back. Traders piled a net $975 million into Chinese exchange-traded funds last week, more than all other developing nations tracked by Bloomberg combined. The benchmark CSI 300 Index rose as much as 2.7%, it
Australian stocks jumped to a record close on Monday, with buy-now, pay-later giant Afterpay leading the charge.
Hong Kong stocks rebounded from their biggest monthly loss in almost three years, with the daily turnover matching the one-year average, as traders shifted their money into companies with attractive valuations and whose businesses are underpinned by government policy. The Hang Seng Index rose 1.1 per cent to 26,235.80 at the close, reversing a loss of as much as 0.8 per cent earlier in the session. Shares worth HK$166.9 billion (US$21.5 billion) changed hands, compared with the daily average of
(Bloomberg) -- Chinese equities rallied by the most in ten weeks as traders turned buyers of everything from baijiu producers to construction firms on expectations of increased support for the economy.The benchmark CSI 300 Index rose 2.6%, its best day since May 25. Consumer shares led gains, with Kweichow Moutai Co. and Wuliangye Yibin Co. adding at least 4.5%. In Hong Kong, the Hang Seng Index gained 1.1%.Monday’s move higher follows a much-watched Politburo meeting Friday, which was seen to i
US stocks ticked upward at the opening bell as earning seasons marches on. European markets also rose on Monday as sentiment improved.
By Gina Lee