Most Asian stocks down amid 4th wave fears

Friday, 23. July 2021 04:51

Major stock market indexes in Asia traded mostly lower on Friday with investors remaining worried about the coronavirus outbreak resurging worldwide. In South Korea, health officials revealed, earlier, that the government plans to reimpose its level 4 lockdown measures in the greater Seoul area in order to contain the spread of the disease, due to a spike in daily infections seen across the country as of late.

On the Chinese mainland, the Shenzhen Composite traded 1.3% lower at 4:46 am CET, as Shanghai Composite lost 0.53%. Hong Kong's Hang Seng went down by 1.01% at the same time, and South Korea's Kospi Composite added 0.08% a minute later. At 4:47 am CET, the Australian S&P/ASX 200 gained 0.12% as the dollar rose 0.08% against the yen, going for ¥110.2365.

Markets in Japan are closed for a market holiday.

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Breaking the News / NL