Japan’s Nikkei 225 drops more than 2% as Asia-Pacific markets slip amid renewed Covid fears
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SINGAPORE — Shares in Asia-Pacific slipped in Friday trade, with Japanese stocks leading losses regionally.
It Nikkei 225Japan’s shares in conglomerates fell by 2.37% SoftBank GroupWhile the Topix index dropped 1.86%, it declined more than 4.4%.
Hong Kong Hang Seng indexIt also suffered significant losses, falling 1.73%. The mainland China has the Shanghai compositeWhile the remained stable at 0.43%, it dropped to 0.33%. Shenzhen componentThe flatline was hovered just above.
South Korea KospiIt fell 0.7%
It S&P/ASX 200Australia saw a drop of 1.37% Australia’s retail salesOfficial estimates Friday showed that October’s month-on-30 growth was 4.9%, seasonally adjusted. This was much higher than the predicted 2.5% rise in a Reuters poll.
MSCI’s Asia-Pacific broadest index, which is not based on Japan, traded at 1.1% below.
The rise of travel stocks
In Friday’s trade, travel stocks in Asia-Pacific declined amid renewed Covid concerns.
Australia Qantas AirwaysShares fell by 4.73%, while Hong Kong-listed shares were up by Cathay Pacific2.7%. shares of Japan AirlinesJapan’s plunge was 4.29% Singapore Airlines’ stock in Singapore declined 1.71%.
After World Health Organization officials declared Thursday they are, those losses were caused by the loss of a total of 3.2 million people. monitoring a new variant with “a large number of mutations.”For Friday’s discussion on the implications of vaccines and treatment, a special meeting has been scheduled.
The Thanksgiving holiday saw markets in America close on Thursday.
Oil drops more than 1%
Petroleum prices fell in the early hours of Asia trade, with benchmarks internationally. Brent crude futuresBarrel price drops by 1.25% to $81.19 U.S. crude futuresThe price of a barrel fell 1.71% to $77.05
It U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.722 — still above levels below 96.5 seen earlier in the trading week.
It Japanese yenIt traded at 114.92 dollars per dollar. This is still below the 114.5 levels seen earlier in the week. The Australian dollarYesterday’s fall from $0.72 to $0.7158 resulted in the $0.7158 level.
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