· Global Markets: Asia shares weaker on lockdown worries, banking sell-off
Asian shares were broadly weaker Tuesday as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe dented the recent positive sentiment towards global equity markets.
Hong Kong shares of HSBC 0005.HK and Standard Chartered 2888.HK weakened a further 2%, as global banking stocks remained under intense pressure on reports about financial institutions allegedly moving illicit funds.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.68%.
Japanese markets were closed for a public holiday.
· China stocks end lower as surge in global virus cases weigh
China stocks closed lower on Tuesday as material and transport firms dropped following worries about surge in global cases of the novel coronavirus.
The blue-chip CSI300 index ended 1.2% lower at 4,635.76 and the Shanghai Composite Index 1.3% at 3,274.30. The CSI300 materials index and the CSI300 transport index dropped 2.9% and 3%, respectively.
· European markets slightly higher, attempting to rebound from coronavirus concerns
European stocks were cautiously higher Tuesday, attempting to bounce back from Monday’s losses on coronavirus concerns and bank allegations.
The pan-European Stoxx 600 gained 0.5% in early trade, with tech shares jumping 1.4% to lead gains while the insurance sector slid 0.8%.
Reference: CNBC
Thai
Eng