Home Markets Asian stocks follow Wall Street up as virus curbs tightened

Asian stocks follow Wall Street up as virus curbs tightened

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BEIJING (AP) — Asian stock markets followed Wall Street higher Monday after U.S. hiring improved and China and Australia tightened anti-virus controls that threaten to weigh on an economic recovery.

Shanghai, Hong Kong and Sydney advanced. South Korea declined. Japanese markets were closed for a holiday.

On Friday, Wall Street ended at a new high after a government report showed U.S. in July was stronger than forecast.

Investors have been encouraged by higher U.S. corporate profits and the global spread of coronavirus vaccinations. But the delta variant’s spread has prompted some governments to reimpose controls on business and travel.

China has canceled airline flights as it tries to stop a rash of outbreaks. Australia’s two most populous states have told the public to stay home except to go to work or for a handful of other reasons.

“The right question for everyone to be asking, including financial market participants, is when lockdowns will come…

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