Stephen Innes, AxiCorp’s global chief market strategist, said: “We have all got our mitts full of Covid-19, for sure. But just as lockdowns are starting to ease, tensions between the US and China look set to spoil whatever little was going to be left of a summer reprieve.
Key gauges across much of the region posted gains, including in Japan, Hong Kong, South Korea and Taiwan; China’s indices closed lower. Losses were led by Jardine Matheson, which fell US$1.07 to US$42.82. OCBC retreated by eight Singapore cents to S$8.92.
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