WORLD

Global Stocks Sink After China Coronavirus Resurgence

0
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 22, 2021. Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. (AP Photo/Lee Jin-man)

(AP) — Global stock markets have retreated after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. London and Frankfurt are lower after downbeat economic data for Europe. Stock indexes in Shanghai, Hong Kong and Tokyo closed lower. U.S. futures are down about 0.7% on Friday. Optimism about the rollout of coronavirus vaccines was dented by a spike in infections in China, where the disease had been under control. The government is testing millions of people in Beijing and some other cities and called on the public to avoid traveling during February’s Lunar New Year holiday.

 

Smooth Psaki Shows New Tone In First Biden Press Briefing

Previous article

Amid Cancellation Talk, Tokyo Olympics `Focused On Hosting’

Next article

You may also like

More in WORLD