Japan, Hong Kong drop more than 2% each as Asia-Pacific markets slip amid renewed Covid fears
Asian stock markets sink as traders watch Europe virus cases
Asian stock markets sank Friday after some European countries tightened curbs on travel and business following a surge in coronavirus infections and South Africa reported a new variant.
Shanghai, Tokyo, Hong Kong and Sydney declined. U.S. markets were closed Thursday for a holiday.
Austria imposed a nationwide 10-day lockdown after its daily virus deaths tripled, while Italy imposed curbs on activity by unvaccinated people. The U.S. government advised Americans to avoid Germany and Denmark. Scientists in South Africa said a new variant was spreading among young people in its most populous province.
"Investors are likely to shoot first and ask questions later until more is known," Jeffrey Halley of Oanda said in a report.
The Shanghai Composite Index lost 0.5% …
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