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.