Asian shares fell on Monday, tracking losses on Wall Street
Asian shares fell on Monday, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings.
- Tokyo’s Nikkei 225 index lost 1.3% in early trading.
- Shares also fell in Hong Kong, Sydney, Shanghai and South Korea.
- The Nikkei 225 lost 297.39 points to 22,214.69 while the Hang Seng in Hong Kong dropped 0.9% to 24,327.28.
- The Kospi in Seoul fell 1.4% to 2,104.06 and Australia’s S&P/ASX 200 gave up 1.6% to 5,809.50.
- The Shanghai Composite lost 0.6% to 2,962.02. Shares also fell in Taiwan and Singapore.
- Brent crude oil for August delivery slipped 58 cents to $40.35 per barrel.
- Benchmark U.S. crude oil for August delivery lost 62 cents to $37.87 per barrel in electronic trading on the New York Mercantile Exchange. It fell 23 cents on Friday to settle at $38.49 a barrel.
- In currency dealings, the dollar bought 107.17 Japanese yen, down from 107.20 yen on Friday.
- The euro was trading at $1.1245, up from $1.1221.