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DAX Slips On China COVID Concerns
(RTTNews) - German stocks fell on Thursday as risks related to a new surge in COVID-19 cases returned to investors' radars.
Several countries have announced measures in an effort to keep infections from spreading beyond China's borders.
In response to surging infections, the United States, Italy, Japan, India and Malaysia announced this week they would increase health measures for travelers from China.
Meanwhile, China has rejected criticism of its COVID data and played down the risk of new variants, saying it expects future mutations to be potentially more transmissible but less severe.
The benchmark DAX was down 22 points, or 0.2 percent, at 13,903 after declining half a percent in the previous session.
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The Indonesia stock market on Wednesday snapped the two-day winning streak in which it had jumped more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 8,150-point plateau and it's likely to open in the red again on Thursday.
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Lower Open Predicted For Hong Kong Stock Market
The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up more than 775 points or 2.8 percent. The Hang Seng Index now rests just above the 25,780-point plateau and it's looking at another soft start again on Thursday.
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Australian Market Modestly Lower
The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 9,000 mark, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
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China Bourse May Extend Wednesday's Losses
The China stock market on Wednesday ended the two-day winning streak in which it had advanced more than 75 points or 1.9 percent. The Shanghai Composite Index now sits beneath the 3,915-point plateau and the losses may accelerate on Thursday.
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More Pain Predicted For Taiwan Stock Market
The Taiwan stock market on Wednesday wrote a finish to the two-day winning streak in which it had collected more than 450 points or 1.7 percent. The Taiwan Stock Exchange now sits just beneath the 27,650-point plateau and it's expected to open under pressure again on Thursday.
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Rally May Stall For Singapore Stock Market
The Singapore stock market has moved higher in back-to-back sessions, collecting more than 65 points or 1.5 percent along the way. The Straits Times Index now rests just above the 4,390-point plateau although it may run out of steam on Thursday.
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