Japan, Hong Kong decline as Asia-Pacific markets decline amid renewed Covid fears

SINGAPORE – Shares in the Asia-Pacific region fell on Friday, with shares in Hong Kong and Japan leading losses regionally as fears of a fresh version of the Covid virus weighed on investor sentiment.

World Health Organization officials said Thursday that they are Observation of a new variant with a ‘large number of mutations’. A special meeting is scheduled for Friday to discuss its effects on vaccines and treatments.

Hong Kong Hang Seng Index It saw sharp losses on Friday, down 2.67% to close at 24,080.52. The variant was discovered in Hong Kong, according to South African Health Minister Jo Bhalla.

The Nikkei 225 In Japan it fell 2.53% to close at 28751.62 while Topix fell 2.01% to 1,984.98. shares SoftBank Group It decreased by 5.19% after a Bloomberg report Requested by Chinese regulators Didi, in which the giant Japanese company owns a large stake, to be delisted from the United States

in mainland China, Shanghai boat It decreased by 0.56% to close at 3564.09 while Shenzhen Component The trading ended the trading day down 0.342% at 14777.17.

South Korea Cosby It closed 1.47% lower at 2,936.44.

The S & P / ASX 200 In Australia it is down 1.73% on the day to 7279.30. Retail sales in Australia In October it jumped 4.9% month over month, seasonally adjusted, according to official estimates released on Friday. This is much higher than the 2.5 percent increase predicted by a Reuters poll.

MSCI’s broadest index of Asia Pacific shares outside Japan is down 2.18%.

Yen strengthens amid escape to safety

The Japanese Yen, which is widely seen as a safe haven currency, strengthened in Friday’s trading as investors scrambled to seek cover. The yen was last traded at 114.07 against the dollar, compared to levels above 115 previously seen against the dollar.

The US dollar index, which measures the greenback against a basket of its peers, was at 96.608 – still above the sub-96.5 levels seen earlier in the trading week.

The South African rand fell more than 2% against the dollar, last trading at 16.3177 per dollar.

The Australian dollar It fell to $0.7118, extending losses after yesterday’s dip from levels above $0.72.

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Oil drops more than 4%

Oil prices fell in the afternoon of Asian trading hours, with the international benchmark Brent crude futures contracts It fell 4.38% to $78.62 a barrel. US crude futures contracts It fell 5.17% to $74.34 a barrel.

Travel stocks in the Asia-Pacific region fell on Friday amid renewed Covid concerns.

in Australia, Qantas Airways Shares fell 5.48% while Hong Kong-listed shares fell Cathay Pacific down 4.11%. shares Japan Airlines In Japan it fell by 6.48%. Singapore Airlines’ Singapore stock is down 3.43% as of 4:13 pm local time.

Markets in the US are closed on Thursday for the Thanksgiving holiday.

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