After the US and European stock markets fell sharply due to fears that the new epidemic would hit global economic growth, the threat of the Delta variant of Covid-19 hit Asian markets on Tuesday.
This Stock sell-off With the rapid spread of the Delta virus strain, the highly contagious mutation of the virus has ended the months-long continuous rise in the international market. Swept the world In recent weeks, the economy, which has been steadily recovering, is at a disadvantage.
Japan’s benchmark Topix Index fell 1%, while Australia’s S&P/ASX 200 and South Korea’s Kospi index fell 0.6% and 0.7%, respectively. Hong Kong’s Hang Seng Index reversed its early gains to a drop of 1.2%, while China’s CSI 300 Index fell 0.5%.
Overnight, Wall Street’s S&P 500 index closed down 1.6%, and the technology-focused Nasdaq Composite Index fell 1.1%. The London FTSE 100 Index fell 2.3%, as did the Stoxx Europe 600 Index.
Standard & Poor’s 500 index futures rose 0.2%, while FTSE 100 index futures were flat before the opening of the London market on Tuesday.
Tai Hui, chief Asian market strategist at JP Morgan Asset Management, said: “Investors are worried that the new epidemic may hinder the pace of economic reopening.” An important touchstone for the strategy of normalizing activities.”
In the currency market, the British pound fell 0.1% to 1.3667 US dollars after falling 0.7% in the previous trading day, its lowest level since early February.
Just as the Covid-19 epidemic suddenly returned, the British currency took a hit. Government removal The last restriction to contain the virus. On Monday, the U.S. Centers for Disease Control placed the UK at the highest level of Covid travel warnings, urging Americans not to visit the UK on the occasion of “Freedom Day.”
In the bond market, as investors continue to seek the safety of government bonds, the yield on 10-year US Treasury bonds has stabilized at around 1.2%, slightly higher than the lowest level in six months. As bond prices rise, yields fall.
Oil prices stabilized after the initial drop on Monday OPEC + national decision By next year, the output will increase by 400,000 barrels per day every month.
The international benchmark Brent crude oil rose 0.2% to US$68.78 per barrel on Tuesday, while the US marker West Texas Intermediate crude oil fell 0.1% to US$66.52 per barrel.
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