Asian shares mixed as virus fears temper market optimism

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Asian shares were mixed Tuesday as optimism about a gradual economic recovery from the coronavirus pandemic were tempered by worries over the variants spreading rapidly in some nations.

Japan's benchmark Nikkei 225 added 0.2% to finish at 27,888.15. Australia's S&P/ASX 200 rose 0.3% to 7,562.60. South Korea's Kospi declined 0.7% to 3,239.07. Hong Kong's Hang Seng recouped early losses to add 0.9% to 26,523.74, while the Shanghai Composite edged up 0.3% to 3,506.41.

Energy companies slumped the most among S&P 500 stocks as the price of benchmark U.S. crude oil fell 2.6% to its lowest levels since May. The move lower follows a decline of 7.7% last week. Occidental Petroleum shed 3%. The S&P 500 fell 4.17 points to 4,432.35. The Dow dropped 106.66 points, or 0.3%, to 35,101.85. The Nasdaq added 24.42 points, or 0.2%, to 14,860.18.

Analysts expect the U.S. and global economies to continue growing, but have cautioned that the resurgent virus could slow down the pace.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines