Asian stocks on backfoot as concern over Delta variant saps confidence | Malay Mail

SYDNEY, Aug 10 — Asian stocks started off on a weak footing today after a largely soft performance on Wall Street and as persistent concerns over the spread of the Delta variant of the coronavirus dented sentiment and triggered falls in metals and oil prices.

Japan’s Nikkei was UP 0.9 per cent while Australia’s benchmark S&P/ASX200 was 0.2 per cent higher on the back of strong earnings results. Gold stabilised after falling to a more than four-month low yesterday as strong US jobs data bolstered expectations for an early tapering of the Federal Reserve’s economic support measures.The strong jobs data lifted US Treasury yields. Benchmark 10-year notes were last yielding 1.3237 per cent, up from 1.3170 per cent yesterday.

US stock indexes were mostly soft, with the Dow Jones Industrial Average down 0.3 per cent, the S&P 500 off 0.09 per cent while the Nasdaq Composite added 0.16 per cent. MSCI’s gauge of stocks across the globe were 0.03 per cent lower.

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Hong Kong stocks start week with gains | Malay MailHONG KONG, Aug 9 — Hong Kong stocks closed with gains today following a strong US jobs report though the data stoked concerns that the Federal Reserve will have to tighten monetary policy sooner rather than later to prevent the economy from overheating. The Hang Seng Index closed 0.40 per cent,...
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Global stocks tread water as gold, oil declines spook sentiment | Malay MailNEW YORK, Aug 10 — Global share prices treaded water yesterday as sharp falls in gold and oil prices and concerns over the spread of the Delta coronavirus variant dented sentiment. US stock indexes were mixed at the close. The Dow Jones Industrial Average fell 106.66 points, or 0.3 per cent, to...
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