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South Korea Japan Hong Kong Australia city Tokyo city Shanghai covid-19 pandemic economy Coronavirus South Korea Japan Hong Kong Australia city Tokyo city Shanghai

Asia shares gain despite worsening pandemic, inflation fears

South Korea Japan Hong Kong Australia city Tokyo city Shanghai covid-19 pandemic economy Coronavirus
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TOKYO – Asian shares advanced Tuesday as investors snapped up bargains after recent sell-offs spurred by a worsening of the pandemic in some countries.

Japan's benchmark Nikkei 225 surged 2.1% to finish at 28,406.84. South Korea's Kospi gained 1.2% to 3,172.73. Australia's S&P/ASX 200 added 0.6% to 77,066.00.

Hong Kong's Hang Seng jumped 1.3% to 28,564.36, while the Shanghai Composite edged up 0.2% to 3,524.13. Regional markets shrugged off data showing Japan’s economy contracted at 5.1% annual pace in the last quarter as numbers of new coronavirus cases surged.

Analysts expected the results and don’t expect improvements in the situation anytime soon. Although Asia so far has fared better in curbing COVID-19 infections, compared to the

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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