Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID policy adjustments and a rescue package for the country's struggling property sector.
Some Chinese cities have begun cutting routine community testing, days after China announced an easing of some of its heavy-handed coronavirus measures. At the same time, however, COVID case numbers in the country have grown.
Oil dropped on fears China could impose further lockdowns in some cities. U.S. crude fell 0.43% to $85.43 a barrel while Brent crude slipped 0.2% to $92.81.read more Inflation in the United States remains at the top of the mind for many global investors who are waiting for producer price index data later on Tuesday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian benchmarks mixed as markets eye COVID, inflation risksAsian shares are mixed as momentum fades from last week’s rally on Wall Street amid varied sentiments about coronavirus restrictions easing in China and global interest rate increases.
Read more »
Asian markets mixed as investors eye COVID, inflation risksAsian shares were mixed in Monday trading as momentum faded from last week’s rally on Wall Street amid varied sentiments about coronavirus restrictions...
Read more »
Oil reverses gains, falls on China COVID surge, firmer dollarOil prices pared earlier gains and fell on Monday, dragged down by a firmer U.S. dollar and record high coronavirus cases in major Chinese cities that dashed hopes of the reopening of the economy of the world's biggest crude importer.
Read more »
Yellen to seek clarity from China on COVID, property -officialsU.S. Treasury Secretary Janet Yellen will seek clarity on China's plans to ease its COVID-19 restrictions and deal with problems in its property sector when she meets on Monday with China's central bank chief, Treasury officials said on Sunday.
Read more »
China reports 16,203 new COVID cases for Nov 13 vs 14,878 a day earlierChina reported 16,203 new COVID-19 infections for Nov. 13, of which 1,794 were symptomatic and 14,409 were asymptomatic, the National Health Commission said on Monday.
Read more »