BANGKOK — Shares were mostly lower in Asia on Friday after Wall Street benchmarks extended losses amid uncertainty over rising coronavirus cases and the risks to pandemic recoveries.
Tokyo’s Nikkei 225 index NIK, -0.98% lost 0.6% to 28,106.40 while the Kospi 180721, -0.36% in Seoul declined 0.3% to 3,275.64. The Shanghai Composite index SHCOMP, -0.54% declined 0.1% to 3,558.25. Hong Kong’s Hang Seng HSI, +0.31% rose 0.4% to 28,130.27. In Australia, the S&P/ASX 200 XJO, +0.01% was flat at 7,336.20.On Thursday, major U.S. stock indexes closed mostly, pulling back further from the record highs they reached at the start of the week.
Energy stocks fell following a broad slide in energy prices. Among the winners were financial stocks, including banks, which have been reporting mostly solid earnings. The government said Wednesday that inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. That followed a report a day earlier showing consumer prices posted the biggest 12-month gain in 13 years.
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Source: Reuters - 🏆 2. / 97 Read more »