Categories: Market Overview

Asia-Pacific stocks trade lower as new coronavirus strain in U.K. weighs on investor sentiment

Shares in Asia-Pacific declined in Tuesday trade following investor jitters overnight on Wall Street over a new coronavirus strain in the U.K. In Japan, the Nikkei 225 declined 0.64% while the Topix index fell 1.15%. South Korea’s Kospi dipped 0.56%. Mainland Chinese stocks were mixed by the afternoon. The Shanghai composite shed 0.2% while the Shenzhen component climbed 0.162%. Hong Kong’s Hang Seng index sat fractionally lower. Over in Australia, the S&P/ASX 200 fell 1.05%. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.43%.

Australia’s retail sales jumped 7% in November as compared with October on a seasonally adjusted basis, according to preliminary figures released by the country’s Bureau of Statistics. Following that data release, the Australian dollar changed hands at $0.7563, after dropping below $0.75 yesterday.

Developments surrounding the coronavirus pandemic likely continued to weigh on investor sentiment, following the discovery of a new Covid strain in the U.K. that has prompted tighter lockdowns and travel restrictions across Europe.

Overnight on Wall Street, the S&P 500 declined 0.4% to close at 3,694.92 while the Nasdaq Composite finished its trading day 0.1% lower at 12,742.52. The Dow Jones Industrial Average, on the other hand, gained 37.40 points to close at 30,216.45.

Asia-Pacific stocks trade lower as new coronavirus strain in U.K. weighs on investor sentiment, CNBC, Dec 22

Australia’s retail sales jumped 7% in November as compared with October on a seasonally adjusted basis, according to preliminary figures released by the country’s Bureau of Statistics. Following that data release, the Australian dollar changed hands at $0.7563, after dropping below $0.75 yesterday.

Developments surrounding the coronavirus pandemic likely continued to weigh on investor sentiment, following the discovery of a new Covid strain in the U.K. that has prompted tighter lockdowns and travel restrictions across Europe.

Overnight on Wall Street, the S&P 500 declined 0.4% to close at 3,694.92 while the Nasdaq Composite finished its trading day 0.1% lower at 12,742.52. The Dow Jones Industrial Average, on the other hand, gained 37.40 points to close at 30,216.45.

Asia-Pacific stocks trade lower as new coronavirus strain in U.K. weighs on investor sentiment, CNBC, Dec 22

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Tesla Wave Analysis – 10 March 2025

Tesla: ⬇️ Sell        Tesla falling inside sharp impulse waves 5 and (C) Likely to fall…

11 hours ago

Ebay Wave Analysis – 10 March 2025

Ebay: ⬇️ Sell - Ebay reversed from the resistance area - Likely to fall to…

11 hours ago

S&P 500 Wave Analysis – 10 March 2025

S&P 500: ⬇️ Sell - S&P 500 index broke support zone - Likely to fall…

13 hours ago

GBPCAD Wave Analysis – 10 March 2025

GBPCAD: ⬆️ Buy - GBPCAD rising inside minor impulse wave 3 - Likely to reach…

13 hours ago

Gold traders weighting the next move

Gold may fly to the new heights but there are risks following the stock indices.

15 hours ago

US indices desperately cling to the 200-day MA

S&P500 and Nasdaq100, dipped but found support at their 200-day MA, indicating a possible shift…

17 hours ago

This website uses cookies