Asia shares gain despite worsening pandemic, inflation fears

0
6

TOKYO (AP) — Asian shares have advanced as investors snapped up bargains after recent sell-offs spurred by a worsening of the pandemic in some countries. Benchmarks rose Tuesday in Japan, Australia, South Korea and China. Regional markets shrugged off data showing Japan’s economy contracted at 5.1% annual pace in the last quarter as numbers of new coronavirus cases surged. Analysts expected the results and don’t expect improvements in the situation anytime soon. Although Asia has fared better in curbing COVID-19 infections, compared to the U.S., South and Central America and parts of Europe, worries are growing about the latest surges in cases in India, Japan, Thailand and other countries. U.S. stocks closed modestly lower.

The post Asia shares gain despite worsening pandemic, inflation fears appeared first on WEEK.

LEAVE A REPLY

Please enter your comment!
Please enter your name here