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Asian Markets A Sea Of Red Amid Pandemic Woes
CANBERA (dpa-AFX) - Asian stock markets are in a sea of red and sharply lower on Wednesday, following broadly negative cues overnight from Wall Street, as traders are rattled amid the continuing surge in the new wave of coronavirus infections in the region, the increasing restrictions on economic activity and the possibility of subsequent lockdown measures in several markets. Asian markets closed mostly lower on Tuesday.
The Australian stock market is significantly lower on Wednesday, extending the losses of the previous session, with the benchmark S&P/ASX 200 below the 7,000 mark, following weak cues overnight from Wall Street. Stocks across all sectors are trading weak, particularly energy and technology stocks.
Japanese Market Sharply Lower
TOKYO (dpa-AFX) - The Japanese stock market is sharply lower in choppy trading on Wednesday, extending the sharp losses of the previous session, with the benchmark Nikkei index losing more than 600 points to go below the 28,500 level, as traders continue to be rattled by the ongoing surge in coronavirus infections and the related restrictions on economic activity. The cues overnight from Wall Street were negative.
Japan reported nationwide daily infections of around 4500. Japanese Prime Minister Yoshihide Suga decided to declare another state of emergency in Osaka Prefecture while Tokyo is set to seek the same move in the coming days.
Asian Shares Retreat On Covid Worries
CANBERA (dpa-AFX) - Asian stocks ended deep in the red on Wednesday as a resurgence of coronavirus infections in some countries cast doubt over an economic rebound from the pandemic.
Chinese shares recovered from an early slide to end largely unchanged on the back of upbeat earnings results from some banks. Hong Kong s Hang Seng index ended down 513.81 points, or 1.76 percent, at 28,621.92.
Japanese shares tumbled as investors braced for another state of emergency expected to be imposed in the capital and other major cities.
The Nikkei average slumped 591.83 points, or 2.03 percent, to 28,508.55 as the country reported nationwide daily infections of around 4500. The broader Topix index closed 1.98 percent lower at 1,888.18.
Japanese Market Higher In Choppy Trades
TOKYO (dpa-AFX) - The Japanese stock market is slightly higher in choppy trading on Friday, extending gain of the previous session, with the benchmark Nikkei 225 above the 29,700 level, following broadly positive cues overnight from Wall Street amid strong data releases and a dip in long term bond yields.
However, the continuing concerns about the spike in daily domestic coronavirus infections and possible restrictions on economic activity are weighing on the market.
According to media reports, Japan reported a nationwide tally of 4,576 new cases on Thursday as the highly contagious variants drive a fourth wave of infections. The Japanese government is set to add three more prefectures neighboring Tokyo to the list of areas in need of stricter measures.