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7/28, 5:40 AM (Source: TeleTrader)
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Most Asian stocks trade lower amid 4th wave fears

Most major stock market indexes in Asia traded lower on Wednesday with investors remaining worried about the coronavirus outbreak resurging worldwide.

In South Korea, data showed that the nation registered a record high number of coronavirus cases during the past day, while in Australia, it was revealed that Sydney will undergo new restrictions in order to contain the spread of the new Delta variant of the coronavirus. Additionally, Japan's central bank, noted that the economic recovery from the pandemic remains in a severe state for the time being.

Hong Kong's Hang Seng increased by 0.26% at 5:35 am CET, while on the Chinese mainland, the Shanghai Composite lost 0.60% at 5:30 am CET, with the Shenzhen Composite down by 0.33% at the same time. Japan's Nikkei 225 went down by 1.21% at 5:36 am CET, with the dollar trading 0.01% higher against the yen, going for 109.7925 at 5:37 am CET. The Australian S&P/ASX 200 lost 0.82% at 5:37 am CET, as South Korea's Kospi Composite declined by 0.06%.

Breaking the News / NL