Asia-Pacific stocks trade lower as new coronavirus strain in U.K. weighs on investor sentiment
Shares in Asia-Pacific declined in Tuesday morning trade following investor jitters overnight on Wall Street over a new coronavirus strain in the U.K.
In Japan, the Nikkei 225 declined 0.84% in morning trade while the Topix index shed 1.2%. South Korea’s Kospi dipped 0.6%.
Over in Australia, the S&P/ASX 200 fell 0.85%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.29% lower.
Australia’s retail sales jumped 7% in November as compared with October on a seasonally adjusted basis, according to preliminary figures released by the country’s Bureau of Statistics
Developments surrounding the coronavirus pandemic will likely continue to weigh on investor sentiment, following the discovery of a new Covid strain in the U.K. that has prompted tighter lockdowns and travel restrictions across Europe.
Reference: CNBC
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