Skip to Content

Asian stocks follow Wall St higher amid virus uncertainty

KIFI

By JOE McDONALD
AP Business Writer

BEIJING (AP) — Asian stock markets have gained as investors weighed the economic impact of the spread of the coronavirus’s delta variant. Wall Street ended August with a gain for the seventh straight month. Shanghai and Hong Kong retreated while Tokyo and South Korea advanced. Wall Street’s benchmark S&P 500 declined 0.1% from the previous day’s record but ended August with a 2.9% gain. Investor optimism about stronger U.S. corporate profits and that the Federal Reserve will keep interest rates low is being tested by data showing the delta variant is weighing on economic activity.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content