Shares fell in Tokyo, Shanghai and Seoul but rose in Hong Kong as the Chinese government took further steps to reopen to foreign travel after relaxing its...
BANGKOK — Shares were mixed in Asia on Wednesday after a post-holiday retreat on Wall Street, as markets count down to the end of a painful year for investors.
Shares fell in Tokyo, Shanghai and Seoul but rose in Hong Kong as the Chinese government took further steps to reopen to foreign travel after relaxing its stringent “zero-COVID” policies.The Chinese government announced it will start issuing new passports in another major step away from anti-virus travel barriers.
Airlines stocks fell broadly. A massive winter storm caused widespread delays and forced several carriers to cancel flights over the weekend. Delta Air Lines DAL closed 0.8% lower, American Airlines AAL dropped 1.4% and JetBlue JBLU slid 1.1%. Treasury yields mostly rose as the U.S. bond market reopened from Christmas holidays. The yield on the 10-year Treasury TMUBMUSD10Y , which influences mortgage rates, rose to 3.85% from 3.75% late Friday.
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