Asian stock markets sink as traders watch Europe virus cases

asian stock markets sink as traders watch europe virus cases

Sumary of Asian stock markets sink as traders watch Europe virus cases:

  • BEIJING (AP) — Asian stock markets sank Friday after some European countries tightened curbs on travel and business following a surge in coronavirus infections and South Africa reported a new variant.
  • Austria imposed a nationwide 10-day lockdown after its daily virus deaths tripled, while Italy imposed curbs on activity by unvaccinated people.
  • U.S. markets are due to reopen Friday for a shortened trading session.
  • Financial markets had been encouraged by strong U.S. corporate earnings and signs the global economy was rebounding from last year’s history-making decline in activity due to the pandemic.
  • Stock prices have been boosted by easy credit and other measures rolled out by the Fed and other central banks.

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