Investors in Asia turn cautious on the spread of Delta variant - Vibes Of India

Gujarat News, Gujarati News, Latest Gujarati News, Gujarat Breaking News, Gujarat Samachar.

Latest Gujarati News, Breaking News in Gujarati, Gujarat Samachar, ગુજરાતી સમાચાર, Gujarati News Live, Gujarati News Channel, Gujarati News Today, National Gujarati News, International Gujarati News, Sports Gujarati News, Exclusive Gujarati News, Coronavirus Gujarati News, Entertainment Gujarati News, Business Gujarati News, Technology Gujarati News, Automobile Gujarati News, Elections 2022 Gujarati News, Viral Social News in Gujarati, Indian Politics News in Gujarati, Gujarati News Headlines, World News In Gujarati, Cricket News In Gujarati

Investors in Asia turn cautious on the spread of Delta variant

| Updated: January 7, 2022 12:40

Naresh Parmar

The increasing spread of the Delta virus spread in Asia and the US has dented investor sentiments. After two days of smooth rallies, the Asian markets are trading weak on Tuesday. The markets in the US also had closed mildly in the red on Monday.

The increased number of cases of Delta Virus, even in the US may impact global economic growth. After Australia, the spread of the Delta variant of Coronavirus has put Chinese authorities on high alert resulting in a cautious approach by traders in the stock market. Japan’s Nikkei was off 0.85% in early trade. China’s blue-chip index CSI300 shed 0.80% while Hong Kong’s Hang Seng Index fell 0.83%. Australia’s benchmark index, the S&P/ASX200 is off 0.25%.

Evidence of risk-off – selling in riskier assets and buying in safe heavens – was evident in the Market. In commodities crude oil was down, yields in treasury papers are down while the Japanese Yen and Swiss Franc gaining.

Your email address will not be published. Required fields are marked *

%d