Friday, July 30, 2021
HomeNewsAsia Pacific stocks fall after Covid's concerns resurface - News

Asia Pacific stocks fall after Covid’s concerns resurface – News


Singapore — Asia-Pacific stocks fell as Covid’s concerns resurfaced in the region during Friday morning trading.

in Japan, Nikkei 225 The Tokyo Stock Price Index fell 1.85%, while the morning trading fell 2.01%, leading losses in major markets in the region.

Olympic organizers Ban spectators for the Summer Olympics in TokyoAfter a state of emergency was declared, as Japan saw an increase in the number of Covid-19 cases on Thursday. The emergency will continue until August 22nd.

Korean KOSPI It decreased by 1.66%.South Korea has a bigger Seoul area on Friday The strictest social distance rules Level 4 According to the local news agency Yonhap News Agency..

Australian stocks S & P / ASX 200 I shed 1.41%. Earlier this week, the City of Sydney announced that the Covid-19 limit would be extended for another week.

Mainland China stocks also fell in early trading. Shanghai Composite Shed 0.49%, Shenzhen component 0.991% decrease.Hong Kong Hang Seng Index I sat under the flat line.

China’s consumer price index rose 1.1% in June compared to a year ago, data from the National Bureau of Statistics of China showed on Friday. This was lower than expected by Reuters polls to see analysts up 1.3% year-on-year.

Meanwhile, China’s producer inflation data was in line with expectations. The June producer price index rose 8.8% compared to a year ago, meeting analysts’ forecasts of an 8.8% rise in a Reuters poll. June PPI readings slowed slightly from a 9% increase in May.

MSCI’s widest non-Japanese Asia Pacific stock index fell 0.87%.

Overnight on Wall Street, the Dow Jones Industrial Average fell 259.86 points to 34,421.93 and the S & P 500 fell 0.86% to 4,320.82. The Nasdaq Composite fell 0.72% to 14,559.78.

The loss is of the U.S. Department of Labor Latest unemployment insurance claim data This is unexpectedly high, suggesting a potential slowdown in the labor market.

Currency and oil

The· USD indexTracking greenbacks against baskets from other companies in the same industry was 92.401, following a recent decline of over 92.7.

The· Japanese yen It traded at 109.78 per dollar, stronger than the level of about 110.6 seen against the greenback yesterday.The· Australian dollar It’s still below the level above $ 0.755 seen earlier this week, but I changed my hand at $ 0.7409.

Crude oil prices were mixed with international benchmarks in the morning of Asian trading hours Brent Crude Futures It fell 0.15% to $ 74.01 per barrel. US Crude Oil Futures It was flat at $ 72.94 per barrel.

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