Skip to Content

Asia stock markets mixed after Wall St high, virus surge

AP Business Writer

BEIJING (AP) — Asian stock markets are mixed after Wall Street hit a high and new daily U.S. coronavirus cases surged to a record. Tokyo and Seoul declined while Shanghai and Hong Kong advanced. Wall Street gained for its 70th record high of 2021. Optimism was tempered by data showing new U.S. virus cases have risen to an average of 265,000 per day, driven largely by the more contagious omicron variant. Investors were encouraged this year by stronger corporate profits and advances in vaccine development and virus treatment. That has been tempered by Federal Reserve’s decision to try to cool U.S. inflation by rolling back stimulus that has boosted stock prices.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

The Associated Press


News Channel 3-12 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content