Tokyo markets lead Asian stocks lower

Lola Evans
29 Jun 2020, 21:12 GMT+10

The Nikkei 225 closed down 517.04 points or 2.30% at 21,995.64.
In Hong Kong, the Hang Seng shed 248.71 points or 1.01% to 24,301.28.
China's Shanghai Composite dropped 18.03 points or 0.61% to 2,961.52.

SYDNEY, Australia - Stocks in Asia fell sharply on Monday as the reality that the coronavirus pandemic is far from over set in.

On Sunday the number of Covid-19 cases worldwide topped ten million. The Number of deaths cruised past 500,000, more than a quarter of which have occurred in the U.S.

"The market is caught in a real battle between recovery optimism and news of increasing cases in certain geographical areas such as the U.S," John Woolfitt, director of trading at Atlantic Capital Markets told the Reuters Thomson news agency Monday.

"I think this battle will remain until the U.S. get a handle on it."

At the close of trading Monday, the Nikkei 225 was down 517.04 points or 2.30% at 21,995.64.

The Australian All Ordinaries fell 96.20 points or 1.60% to 5,915.60.

China's Shanghai Composite dropped 18.03 points or 0.61% to 2,961.52.

In Hong Kong, the Hang Seng shed 248.71 points or 1.01% to 24,301.28.

The U.S. dollar put in a mixed performance in Asia Monday. The euro was stronger at 1.1278. The British pound was little changed at 1.2325. The Japanese yen was also motionless at 107.18.

The Swiss franc firmed to 0.9448.

The Canadian dollar weakened to 1.3662. The Australian dollar rose a fraction to 0.6874. The New Zealand dollar was unchanged at 0.6432.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Arizona Herald.

More Information

54 ℉

Fair in Phoenix

Business

Section

Indian government to ban purchase of cryptocurrencies

NEW DELHI, India: India will introduce a bill during the winter session of Parliament that could block the use of ...

As talks stall, French fishermen threaten to block delivery of fish

PARIS, France: In protesting the UK's refusal to grant more licenses to fish in British waters, French fishermen said this ...

To lower gas prices, Biden releases 50 mln barrels from reserves

WASHINGTON D.C.: To encourage a drop in sky-high gasoline prices, President Biden said the Department of Energy will release 50 ...

Google pays Ireland $245 million in unpaid corporation taxes

DUBLIN, Ireland: Google Ireland has reached agreement with Irish tax officials to pay over $245 million in unpaid corporation taxes ...

Vonage sells to Ericsson for $6.2 billon in merger of tech giants

STOCKHOLM, Sweden: In a $6.2 billion agreement, Swedish telecom equipment maker Ericsson is purchasing U.S. cloud communications company Vonage, in ...

Solar energy-water deal between Israel, Jordan called 'significant'

DUBAI, UAE: Israel and Jordan have signed what is being labeled a most significant cooperation agreement to construct a major ...

Phoenix

Section