Asian shares mixed as virus worries counter recovery hopes

Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic.

Asian Shares

  • Japan’s benchmark Nikkei 225 rose nearly 0.9% in morning trading to 20,606.92 on expectations that a state of emergency still in effect for Tokyo and seven other cities and prefectures may soon end.
  • South Korea’s Kospi gained 0.3% to 1,986.24.
  • Australia’s S&P/ASX 200 shed 0.2% to 5,548.60.
  • Hong Kong’s Hang Seng slipped 0.2% to 24,328.95.
  • The Shanghai Composite fell 0.2% to 2,892.49.

Oil Prices

  • Benchmark U.S. crude oil fell 4 cents to $31.92 a barrel in electronic trading on the New York Mercantile Exchange. It gained 31 cents to $31.96 a barrel on Tuesday.
  • Brent crude oil, the international standard, rose 8 cents to to $34.73 a barrel.

Currency Markets

  • The U.S. dollar cost 107.83 Japanese yen, up slightly from 107.71 yen on Tuesday.
  • The euro rose to $1.0942 from $1.0926.

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