Asian stocks down as COVID-19 cases surge

Monday, 26. October 2020 07:31

Shares on the major stock markets in Asia traded lower on Monday as the number of coronavirus cases rose in the United States and Europe. According to the last information, the number of infected people in the world stands at 43.3 million. The death toll reached 1.16 million. Meanwhile, former US Vice President Joe Biden said that he believes the biggest domestic issue of the country is facing the coronavirus.

The Nikkei 225 lost 0.09% at 7:30 am CET, while the South Korean Kospi Composite dipped 0.69% at the same time. In mainland China, the Shanghai Composite dropped 1.07% and the Shenzhen Composite tumbled 0.09%. Australia's S&P/ASX 200 lost 0.18% at 7:31 am CET. Hong Kong's Hang Seng was closed for a holiday.

The dollar rose by 0.15% versus the yen, changing hands at ¥105.8800 at 7:28 am CET.

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Breaking the News / TF