Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Japan, Hong Kong drop more than 2% each as Asia-Pacific markets slip amid renewed Covid fears

by
November 26, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

This biotech went public 3 years ago at $14 per share. Here’s how its stock cratered to 27 cents

Ford Pauses $3.5 Billion EV Battery Plant. Why This Is Big.

SINGAPORE — Shares in Asia-Pacific slipped in Friday trade, with Japanese stocks leading losses regionally as fears of a new Covid variant weighed on investor sentiment.

The Nikkei 225 in Japan dropped 2.53% to close at 28,751.62 while the Topix index fell 2.01% to 1,984.98. Shares of SoftBank Group plummeted 5.19% following a Bloomberg report that Chinese regulators have asked Didi, which the Japanese conglomerate holds a sizable stake in, to delist from the U.S.

Those losses came after World Health Organization officials said Thursday they are monitoring a new variant with “a large number of mutations.” A special meeting is scheduled for Friday to discuss its implications for vaccines and treatments.

Hong Kong’s Hang Seng index also saw sharp losses, falling 2.2% in afternoon trade. The variant has been detected in Hong Kong, according to South Africa’s Minister of Health Joe Phaahla.

In mainland China, the Shanghai composite declined 0.42% while the Shenzhen component slipped 0.209%.

South Korea’s Kospi dipped 1.42%.

The S&P/ASX 200 in Australia fell 1.73% on the day to 7,279.30. Australia’s retail sales in October jumped 4.9% month-on-month, seasonally adjusted, according to official estimates released Friday. That was far higher than the 2.5% increase predicted in a Reuters poll.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.88%.

Yen strengthens amid flight to safety

The Japanese yen, widely seen as a safe-haven currency, strengthened in Friday trading as investors scrambled for cover. The yen last traded at 114.51 per dollar, as compared with levels above 115 seen earlier against the greenback.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.703 — still above levels below 96.5 seen earlier in the trading week.

The South African rand weakened more than 1% against the greenback, last trading at 16.1522 per dollar.

The Australian dollar fell to $0.7133, extending losses following yesterday’s drop from levels above $0.72.

Oil falls at least 2%

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 2.01% to $80.57 per barrel. U.S. crude futures slipped 2.54% to $76.40 per barrel.

Travel stocks in Asia-Pacific fell in Friday trade amid the renewed Covid fears.

In Australia, Qantas Airways shares dropped 5.48% while Hong Kong-listed shares of Cathay Pacific slipped 3.69%. Shares of Japan Airlines in Japan plunged 6.48% while Singapore Airlines’ stock in Singapore declined 2.67%.

Markets in the U.S. were closed on Thursday for the Thanksgiving holiday.

ShareTweetPin

Related Posts

This biotech went public 3 years ago at $14 per share. Here’s how its stock cratered to 27 cents

by
September 26, 2023
0

Ford Pauses $3.5 Billion EV Battery Plant. Why This Is Big.

by
September 26, 2023
0

Tuesday: Case-Shiller House Prices, New Home Sales

by
September 26, 2023
0

Charlie Munger Emphasizes Self-Awareness And Strategy: ‘I Don’t Play In A Game Where The Other People Are Wise And I’m Stupid. I Look For A Place Where I’m Wise And They’re Stupid’

by
September 25, 2023
0

Is Funded Trading Plus the Best Prop Trading Firm? Breaking Down the Facts

by
September 25, 2023
0

Next Post

Stock market news live updates: S&P 500, Nasdaq rise after weekly jobless claims reach 52-year low, PCE inflation jumps

Dow futures plunge more than 2% amid fears of new Covid variant found in South Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Ford partners with GlobalFoundries to increase chip supplies

    0 shares
    Share 0 Tweet 0
  • CEOs across the market, economy agree on one big 2022 prediction: More volatility

    0 shares
    Share 0 Tweet 0
  • Inflation is sticking around – and Biden will likely have to wait it out like the rest of us

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com