Global stocks fall after jump in China and US coronavirus cases


Source: technocodex.com technocodex.com

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Global stocks fell after a jump in new coronavirus infections in the US and China stoked investor concerns over a potential second wave of the pandemic. In early trading in Asia-Pacific on Monday, Japan’s benchmark Topix index dropped 0.3 per cent while Hong Kong’s Hang Seng index and China’s CSI 300 shares slipped by 0.7 per cent and 0.6 per cent respectively. Australia’s S&P/ASX 200 fell 0.5 per cent and South Korea’s Kospi shed 0.7 per cent. Those losses came after almost 80 new coronavirus infections were recorded in Beijing over the weekend, many linked to a fresh seafood and...