Asian shares decline on jitters over new outbreaks of virus

Asian shares fell  on Tuesday as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies.

Asian Shares

  • Japan’s Nikkei 225 lost 0.1%.
  • The Hang Seng in Hong Kong dropped 1.8%.
  • The Shanghai Composite index fell 0.6% to 2,877.71.
  • Hong Kong’s benchmark shed 438.77 points to 24,163.29.
  • The Nikkei 225 gave up 28.64 points to 20,362.12.
  • South Korea’s Kospi shed 1.1% to 1,914.49.
  • The S&P/ASX 200 sank 1.3% to 5,388.20.
  • The future for the S&P 500 dropped 0.9% while that for the Dow industrials also fell 0.9%.

Oil Prices

  • Benchmark U.S. crude oil climbed 18 cents to $24.32 per barrel in electronic trading on the New York Mercantile Exchange. It fell 60 cents, or 2.4%, to settle at $24.14 a barrel on Monday.
  • Brent crude oil, the international standard, added 5 cents to $29.68 per barrel. It dropped $1.34, or 4.3% to $29.60 a barrel in London. 

Currency

  • The dollar fetched 107.39 Japanese yen, down from 107.66 late Monday.
  • The euro weakened to $1.0805 from $1.0807.

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