Asian shares mostly lower as virus, China-US tensions weigh – SCNow

Shares also fell in Tokyo, Shanghai and Sydney, despite broad gains on Wall Street on Tuesday as stocks regained their footing after starting out 2021 with their worst loss in months amid the worsening pandemic and potentially market-moving U. S. Senate elections.

Political parties and local media said Hong Kong police arrested about 50 pro-democracy figures Wednesday for allegedly violating a national security law by participating in an unofficial primary election last year held to increase their chances of controlling the legislature.

Hong Kong-trade shares in major Chinese telecoms companies China Telecom, China Unicom and China Mobile were mixed after reports said the New York Stock Exchange might opt to delist the three huge companies, complying with an order from the U. S. government, despite having announced on Monday that it would not abide by the request.

That’s undermining confidence that support from central banks and governments can keep economies afloat until a big recovery sweeps the world later this year thanks to rollouts of COVID-19 vaccines.

The euro edged higher to $1.2304 from $1.2301.

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