Tuesday, October 19, 2021

Global stocks ease further on COVID-19 restrictions

Global stocks today eased tracking overnight weakness Wall Street as widening COVID-19 restrictions weighed on market sentiment.

Hong Kong’s Hang Seng declined 0.7 percent while Japan’s NIKKEI-225 and Singapore’s Straits Times, both fell 0.4 percent. On the other side, China’s Shanghai Composite index climbed half a percent and South Korea’s KOSPI added marginally by 0.1 percent.

European stocks were also down in intra-day trade. Germany’s DAX declined 0.9 percent, London’s FTSE-100 fell 0.8 percent and France’s CAC was down 0.7 percent.

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