Asian markets trade mixed; Shanghai Composite down 1%

The Kospi declined 0.59%, the Shanghai Composite down about 1.18% while the Shenzhen component added 0.4%.

Oct 26, 2020 11:10 IST India Infoline News Service

Stocks markets in Asia have take a horrible beating this year and lost as much $6.2trillion.
Asian stock markets were mixed on Monday trade as new coronavirus cases surge in the U.S. as well in countries across Europe. The Hong Kong market is closed on Monday for a holiday.

The Nikkei 225 dipped, the Topix index shed 0.43%, the Kospi declined 0.59%, the Shanghai Composite down about 1.18% while the Shenzhen component added 0.4%. Shares in Australia were little changed, with the S&P/ASX 200 down about 0.1%.

Meanwhile, investor focus on Monday was also likely on the deteriorating coronavirus situation in the West, with the U.S. recently reporting a record-breaking number of new virus cases.

Over in Europe, cases have also surged, with Reuters reporting that France registered record daily coronavirus infections while Italy ordered bars to close early and shut public gyms in a bid to stem a resurgence in the virus, the media reports added.

On Friday, US stocks closed flat with Dow Jones seeing minor loss while Nasdaq closes up over 0.5%.

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