Asian Stocks Down, COVID Variants Continue to Spread


Source: upnewsinfo.com upnewsinfo.com

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© Reuters. By Gina Lee Investing.com – Asia Pacific stocks were down Friday morning as concerns continue to mount about the spread of COVID-19 variants. China’s inched down 0.05% by 10:14 PM ET (2:14 AM GMT) and the fell 1.14%. Data released earlier in the day said that the consumer price index (CPI) grew a smaller-than-expected 1.1% in June, while contracting a bigger-than-expected 0.4% . The grew 8.8% year-on-year, slightly down from the 9% growth seen in May. Hong Kong’s was down 0.28%. Japan’s fell 1.83%. Rising numbers of COVID-19 cases prompted the government to declare a fresh state of...