Asian markets rally despite Covid woes | Malay Mail

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Asian markets rally despite Covid woes | Malay Mail
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HONG KONG, Aug 18 — Asian markets rallied today as investors engaged in bargain hunting despite losses on Wall Street and a surge of the coronavirus Delta variant stoking fears about the global economic recovery. A fresh lockdown in New Zealand and a curfew imposed in Australia’s second-largest...

HONG KONG, Aug 18 — Asian markets rallied today as investors engaged in bargain hunting despite losses on Wall Street and a surge of the coronavirus Delta variant stoking fears about the global economic recovery.

But Asian markets appeared unmoved by gloomy prospects, with Tokyo snapping a four-day losing streak to close higher Wednesday. New Zealand made gains despite fears over fresh virus cases as the country’s Reserve Bank chose to keep interest rates unchanged, opting against a move that would have seen it become the first advanced economy in the Asia Pacific to normalise policy.

Markets in London, Paris and Frankfurt edged higher in opening deals, eyeing the earlier gains in Asia.

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