Asian Markets Fall Amid Concern on Covid, US Rate Hikes


Source: asiafinancial.com asiafinancial.com

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Covid curbs in Shanghai reignited worries of a wider economic disruption, while possible delisting risks of major Chinese firms from US exchanges dragged Hong Kong shares to a six-week low. Stocks fell in key markets in Asia on Tuesday amid concern over rising Covid cases causing economic disruption in mainland China and Japan. Strict Covid curbs in Shanghai reignited worries of a wider economic disruption, while possible delisting risks of major Chinese firms from US exchanges dragged Hong Kong shares to a six-week low. At market close, the Shanghai Composite index was down 0.97% at 3,281.47, while the blue-chip CSI300...