Japan’s Nikkei drops as investors watch Ukraine situation, oil

SINGAPORE – Shares in Japan led losses in Asia-Pacific during Monday trade as investors monitor developments from the Covid situation in Hong Kong to tensions between Russia and Ukraine. The Nikkei 225 dropped 2% in morning trade while the Topix index shed 1.8%. South Korea’s Kospi declined 1.34%. Elsewhere, the S & P / ASX … Read more

Investors react to US inflation, Treasury yields

SINGAPORE – Shares in Asia-Pacific were mixed in Friday trade, as investors in the region reacted to the Thursday release of a hotter-than-expected US consumer inflation report that pushed the 10-year Treasury yield past 2%. Mainland Chinese stocks were mixed by afternoon, with the Shanghai composite rising 0.34% while the Shenzhen component shed 0.306%. Hong … Read more

S. Korea’s new COVID-19 cases soar to all-time high of over 50,000 amid raging omicron

Citizens receive rapid antigen tests at a test center in eastern Seoul on Wednesday. (Yonhap) South Korea’s daily COVID-19 infections rose sharply to hit another high of over 50,000 on Thursday amid the fast spread of the highly transmissible omicron variant across the nation. The country reported 54,122 new COVID-19 infections, including 54,034 local cases, … Read more