Asian stock markets were mixed Wednesday after Wall Street rebounded and Japanese exports surged as investors tried to figure out how rising coronavirus...
BEIJING — Asian stock markets were mixed Wednesday after Wall Street rebounded and Japanese exports surged as investors tried to figure out how rising coronavirus infections will affect the global economy.
Sydney’s S&P/ASX 200 XJO, +1.17% advanced 1.1% after the Australian government reported retail sales rose 1.3% over a year ago in the three months ending in June. New Zealand NZ50GR, +0.38% and Jakarta JAKIDX, +0.34% gained while Singapore STI, +0.02% and Taiwan Y9999, -0.84% declined. Also Wednesday, South Korea reported a daily high of 1,784 new coronavirus cases, adding to a global surge blamed on the virus’s more contagious delta variant.
“Defensive flows eased. However, gains are likely to be capped by lingering concerns over COVID-19′s Delta variant,” said Anderson Alves of ActivTrades in a report. “A new wave of infections could delay the reopening of global economies.”
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