Shares retreated in Asia on Thursday as investors mulled figures showing China's economy returned to growth in the last quarter.
The Shanghai Composite index led Thursday's declines, dropping 2.9% to 3,262.41. Benchmarks also fell in Tokyo, Hong Kong and Sydney.
Weak retail sales showed that boosting factory output is the easy part, said Stephen Innes of AxiCorp. The Victoria government responded be reducing numbers of non-urgent surgeries allowed in hospitals to increase beds available for COVID-19 patients, Health Minister Jenny Mikakos said. With vaccine hopes at the centre of the rise the market's leaderboard was dominated by companies that would benefit most from a return to normal life. They included cruise-ship operators, airlines, retailers and hotel chains.
Rising numbers of infections and deaths from the COVID-19 pandemic remain a constant source of uncertainty. "In most other realities, this would be ironic or absurd. But in the liquidity inundated post-COVID world markets, this is Thursday," Mizuho Bank's Riki Ogawa said in a commentary.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets mostly higher on hopes for coronavirus vaccineShares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people's immune systems just as desired.
Read more »
As geopolitical tensions rise, Chinese investment into Canada continues to fall, data showSlumping Chinese investment comes after several years of lower foreign direct investment into Canada overall, despite efforts by Trudeau to boost the levels
Read more »
This is how teachers across Canada feel about reopening schoolsFrom uncertainty about class schedules to fears about contracting the coronavirus, teachers from across Canada share their most pressing concerns about returning to school in the fall.
Read more »
She Grew Up On Radioactive Soil In Toronto. Now She Digs Deep For Black Canadian Health.What the Malvern neighbourhood went through inspired her mission to feed others
Read more »
Asian markets mostly higher on hopes for coronavirus vaccineShares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people's immune systems just as desired.
Read more »
U.S. hospitals sending coronavirus data to Washington instead of CDCHospital data on coronavirus patients will now be rerouted to the Trump administration instead of first being sent to the U.S. Centers for Disease Control and Prevention, the Department of Health and Human Services confirmed to CNN on Tuesday.
Read more »