Asian shares slip while European stocks advance

Asian shares slip while European stocks advance

Picture used for illustrative purpose. File



Gulf Today Report

Asian shares declined on Wednesday as virus cases surge and China-US tensions affect sentiment. 

 

Shares also fell in Tokyo, Shanghai and Sydney, Hong Kong's Hang Seng dropped 0.3%, shares rose in India but fell in Taiwan. 

 

Japan's Nikkei 225 index lost 0.3% to 27,090.44 and the Kospi in South Korea bounced back from early losses, adding 0.4% to 3,000.93. 

 

The Hang Seng gave up 48 points to 27,565.60. In Australia, the S&P/ASX 200 dropped 1.1% to 6,607.10. 

 

The Shanghai Composite index was flat at 3,528.56. 

 

Investors remain optimistic that the US economy is likely to recover due to coronavirus vaccination programme going on in different parts of the world. 

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European Stock

 

European stocks rose on Wednesday as investors are