Asian Shares Fall
Tokyo,Asian shares were mostly lower Wednesday as surging virus counts and China-U.S. tensions weighed on sentiment.
Japan’s Nikkei 225 index lost 0.3% to 27,090.44 and the Kospi in South Korea bounced back from early losses, adding 0.4% to 3,000.93. The Hang Seng gave up 48 points to 27,565.60. In Australia, the S&P/ASX 200 dropped 1.1% to 6,607.10. The Shanghai Composite index was flat at 3,528.56.
Shares rose in India but fell in Taiwan, AP reported.
The price of U.S. crude oil climbed 4.9% on Tuesday. It gained 10 cents to $50.03 per barrel on Wednesday.
Brent crude, the international standard, picked up 29 cents to $53.89 per barrel.
The U.S. dollar rose to 102.77 Japanese yen from 102.70 yen late Tuesday. The euro edged higher to $1.2304 from $1.2301.
Source: Saudi Press Agency