Asian, US Shares Up, COVID-19 Concerns Start to Ease By Investing.com – Investing.com

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Asian, US Shares Up, COVID-19 Concerns Start to Ease By Investing.com – Investing.com

© Reuters. By Gina Lee Investing.com – Asia Pacific stocks were mostly up on Wednesday morning, with U.S. counterparts recording their biggest advance since March 2021. Brightening investor sentiment, as concerns about rising numbers of global COVID-19 cases involving the Delta variant were somewhat eased, gave global shares a boost. Japan’s was up 0.51% by 10:42 PM ET (2:42 AM GMT). released earlier in the day was better than expected, with growing 48.6% year-on-year, a fourth consecutive month of double-digit gains and growing 32.7% year-on-year in June. The also released the minutes from its latest policy meeting. South Korea’s was down 0.33%. The country’s producer price index rose a lower-than-expected 0.4% and 6.4% in June. In Australia, the rose 0.97%, with the latest figures released earlier in the day. Hong Kong’s fell 0.63%. China’s was up 0.48% and the jumped 1.02%. A rally in U.S. Treasuries pressed the pause button to send benchmark 10-year yields back above the 1.2% mark. Rising COVID-19 case numbers, and the resultant restrictive measures implemented by some countries, sent global shares on a downward trend earlier in the week over concerns about the economic impact. However, loose U.S. monetary policy, still-high