Asian shares and U.S. stock futures fell on Wednesday as issue about a resurgence of coronavirus cases in some countries called into question the strength of international growth and demand for crude oil.MSCIs broadest index of Asia-Pacific shares outside Japan (. MIAPJ0000PUS) fell 0.6%. Australian stocks (. AXJO) dropped 1.25% and shares in China (. CSI300) were down 0.46%. Stocks in Tokyo (. N225) plunged by 1.79% due the growing likelihood that Tokyo, Osaka and surrounding locations will be placed on lockdown due to a new wave of coronavirus infections.S&& P 500 e-mini stock futures also fell 0.18%. Unrefined futures extended declines from a one-month high in Asian trading on speculation that coronavirus limitations in India, the worlds third-largest oil importer, will hurt energy need. learn more Recent optimism about rising vaccination rates in the United States, Britain, and Europe is shifting to concern that record coronavirus infections in India and the support of travel restrictions will serve as a brake on the international economy.”Renewed concerns about the global financial healing weighed on product prices and commodity currencies. Many countries around the globe, such as India and Brazil, set new records for deaths and infections,” analysts at Commonwealth Bank of Australia said in a research note.”As long as the infection persists, there is a danger infection mutants develop and spread to other countries.”Declines in Asian shares followed a downbeat day on Wall Street. The Dow Jones Industrial Average (. DJI) fell 0.75%, the S&P 500 (. SPX) lost 0.68%, and the Nasdaq Composite (. IXIC) fell 0.92% on Tuesday as investors offered airline companies and travel-related shares due to fear of a postponed healing in international tourism.Some tech shares and business that gained from stay-at-home demand could deal with additional pressure after Netflix Inc (NFLX.O) reported disappointing subscriber development for its film streaming service, which sent its shares down 11% in after-hours trading. find out more U.S. crude dipped 0.4% to $62.42 a barrel, while Brent crude fell 0.26% to $66.40 per barrel.India, the worlds 2nd most populated nation and a significant energy consumer, reported its worst daily death toll on Tuesday, with big parts of the country now under lockdown.The Canadian dollar, the Mexican peso, and the Norwegian crown steadied during Asian trading after falling on Tuesday, however analysts state more declines the currencies of significant oil exporters are likely if energy rates continue to fall.The dollar index against a basket of six major currencies traded near a seven-week low, injured by a dip in U.S. Treasury yields as some financiers sought the safety of holding government debt.Investors are closely enjoying an auction of 20-year Treasuries later on Wednesday, which will be an essential gauge of worldwide demand for fixed income.Ahead of the auction results, the yield on benchmark 10-year Treasury notes traded at 1.5660%, near a six-week low. Yields on 20-year Treasuries stood at 2.1531%, near a seven-week low.In an indication of growing threat hostility, spot gold traded at $1,778.18 per ounce, close to a seven-week high reached on Monday.Our Standards: The Thomson Reuters Trust Principles.
AXJO) dropped 1.25% and shares in China (. DJI) fell 0.75%, the S&P 500 (. IXIC) fell 0.92% on Tuesday as investors sold airlines and travel-related shares due to fear of a postponed healing in worldwide tourism.Some tech shares and companies that benefited from stay-at-home need might face more pressure after Netflix Inc (NFLX.O) reported frustrating subscriber growth for its motion picture streaming service, which sent its shares down 11% in after-hours trading.