• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Hong Kong leads losses in Asia amid renewed uncertainty over omicron Covid strain; oil drops 2%

by
November 30, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Analyst Report: Micron Technology Inc.

Analyst Report: Cintas Corporation

Personal Income increased 0.4% in August; Spending increased 0.4%

Long-Bond Yield’s Biggest Jump Since 2009 Has Ackman Eying 5%

SINGAPORE — Shares in Asia-Pacific mostly fell on Tuesday afternoon as investors in the region continued to track developments surrounding the omicron variant.

Major markets in the region fell after Moderna CEO Stephane Bancel told the Financial Times that he expects existing vaccines to be less effective against the new variant. Bancel told CNBC on Monday that it could take months to develop and ship an omicron specific vaccine.

Hong Kong’s Hang Seng index led losses among the region’s major markets, falling nearly 3% in afternoon trade.

Japan’s Nikkei 225 dropped 1.37% while the Topix index shed 0.79%.

South Korea’s Kospi fell 2% while the S&P/ASX 200 in Australia advanced 0.22%.

Mainland Chinese stocks were lower, with the Shanghai composite down about 0.1% while the Shenzhen component fell 0.217%.

Data released Tuesday showed Chinese factory activity unexpectedly growing in November, with China’s official manufacturing Purchasing Managers’ Index for November coming in at 50.1. That was above expectations by analysts in a Reuters poll for a reading of 49.6.

PMI readings below 50 represent contraction while those above that level signify expansion. PMI readings are sequential and represent month-on-month expansion or contraction.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%.

Oil prices were lower in the afternoon of Asia trading hours, reversing earlier gains. International benchmark Brent crude futures were down 2.48% to $71.62 per barrel. U.S. crude futures also dropped 2.42% to $68.28 per barrel.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.07 after rising to around 96.4 recently.

The Japanese yen traded at 113.14 per dollar, as compared with levels around 113.9 seen earlier against the greenback. The Australian dollar was at $0.7103, still struggling to recover after last week’s drop from above $0.725.

Next Post

Microsoft CEO sells half his stake in the company ahead of new state capital gains tax

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Analyst Report: Micron Technology Inc.

by
September 29, 2023
0

Read more

Analyst Report: Micron Technology Inc.

Analyst Report: Cintas Corporation

Personal Income increased 0.4% in August; Spending increased 0.4%

Long-Bond Yield’s Biggest Jump Since 2009 Has Ackman Eying 5%

Meal-Kit Maker Blue Apron to Be Sold

Nike soars on first quarter earnings, confidence in Chinese consumer regardless of ‘macroeconomic outlook’

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home

moneyprofitnews