Indian shares opened lower on Tuesday as weak economic data from China fuelled fears that a rapid spread of COVID-19 cases in the world's second-largest economy could weigh on both its economy as well as global growth.
, according to official data – as COVID-19 infections slammed production lines and demand after Beijing eased stringent curbs.last up 0.45%.
Capping the losses in domestic equities are oil prices, which fell on global growth concerns after International Monetary Fund predicted a tougher 2023 for the global economy. Lower oil prices aid oil-importing countries like India, where crude constitutes the bulk of the country's import bill.Thirty-six of Nifty 50 constituents declined, with heavyweight Reliance Industries
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. and China spar over military aircraft intercept over South China SeaThe U.S. and its allies have painted a picture of a Chinese military that is wildly audacious in asserting Beijing's territorial claims.
Read more »
Opinion | As China covid rules ease, Shanghai adjusts to infections — and reliefNo one wishes to become infected, but it's exhilarating to be able to disclose our covid status without fear of being forced into centralized quarantine.
Read more »
Taiwan president offers China help to deal with COVID surgeTaiwan President Tsai Ing-wen on Sunday offered to provide China with 'necessary assistance' to help it deal with a surge in COVID-19 cases, but said Chinese military activities near the island were not beneficial to peace and stability.
Read more »
Canada the latest country to add Covid curbs on arrivals from ChinaCanada announces it will ask passengers coming from China, Hong Kong and Macao to submit temporary negative coronavirus tests ahead of their flights to the country
Read more »
Will the US plan for testing travelers from China help stem the spread of COVID?The CDC announced this week it would require a negative COVID-19 test from all travelers arriving to the U.S. from China as well as those from Hong Kong and Macau.
Read more »