Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first U.S. interest rate rise in three years, which could come this week.
was down 1.91%, led by Chinese stocks. The index is down 8.2% so far this month.
In U.S trading, oil prices had fallen as much as 5.8% as prospects of a positive outcome in Ukraine talks eased concerns about major supply disruptions.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Battles Nationwide Surge in Covid-19 CasesDaily infection numbers in China continued to reach levels not seen since early 2020, as health authorities rushed to stay ahead of the Omicron variant.
Read more »
Japan stocks set to dip as investors watch Russia-Ukraine war, Covid wave in ChinaThe U.S. Federal Reserve and Bank of Japan are set to announce their interest rate decision later this week.
Read more »
Asia-Pacific Stocks Mixed as Investors Watch Covid Wave in China; Oil Prices DeclineThe U.S. Federal Reserve and Bank of Japan are set to announce their interest rate decision later this week.
Read more »
Oil pulls back as Russia, Ukraine talk and China institutes another COVID lockdownOil futures pull back to start the week as traders look for signs of progress in talks between Russia and Ukraine and focus on a surge in COVID-19 cases in...
Read more »
China orders 51 million into lockdown amid worst COVID outbreak since early 2020China is facing its worst COVID crisis since early 2020, when the world first witnessed an entire population locked down to contain the coronavirus in Wuhan and its surrounding province.
Read more »
China orders 51 million into lockdown as COVID surgesChina is placing more than 51 million people into lockdown as a new COVID wave hits three provinces.
Read more »