Asian Stocks Up, but COVID-19 and China Regulatory Concerns Cap Gains


Source: yahoo.com yahoo.com

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By Gina Lee Investing.com – Asia Pacific stocks were mostly up on Monday morning as investors bargain-hunted after the previous week's selloff. However, concerns about the spread of COVID-19's Delta strain and regulatory tightening in China continued, capping some of the gains. Japan’s Nikkei 225 jumped 1.38% by 9:41 PM ET (1:41 AM GMT). South Korea’s KOSPI rose 1.05%, with the Bank of Korea handing down its latest policy decision on Thursday. In Australia, the ASX 200 edged up 0.12%. Hong Kong’s Hang Seng Index rose 1.27%. China’s Shanghai Composite inched up 0.01% and the Shenzhen Component slid 1.61%. China...