Asian Shares Retreat On China Jitters
CANBERA (dpa-AFX) - Asian stocks fell on Friday as concerns about the fast-spreading Delta variant and regulatory actions in China outweighed optimism around corporate earnings.
Chinese shares ended lower amid fears of foreign investor exodus. The benchmark Shanghai Composite index slipped 14.37 points, or 0.42 percent, to 3,397.36 while Hong Kong s Hang Seng index ended down 354.29 points, or 1.35 percent, at 25,961.03.
Japanese shares hit over six-month lows amid earnings disappointments and concerns over recovery in growth from virus flareups. The Nikkei average slumped 498.83 points, or 1.80 percent, to 27,283.59, marking its biggest decline since June 21 and the lowest close since Jan. 6.
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