Virus woes and tech crackdown hammer stocks; bonds rally By Reuters – Investing.com
- Date: 08-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Virus woes and tech crackdown hammer stocks; bonds rally By Reuters – Investing.com
By Tom Westbrook
SINGAPORE (Reuters) - Asian stocks fell to a six-week low on Thursday as an extended selloff in tech shares in Hong Kong and rising virus cases added to a broad risk-averse mood, pressuring oil prices and lending support to bonds and the dollar.
A surprise dovish turn from Chinese policymakers also sparked a rally in sovereign Chinese debt and sent 10-year yields to a 10-month low.
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