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Felicia Tan
June 29 21:56

Asian market is dressed in red

On Monday morning, the Asian stock market fell amid gloomy data on coronavirus victims around the world, which had a negative impact on investor sentiment early in the week.
According to Johns Hopkins University, the total number of coronavirus diseases worldwide exceeded 10 million, and as of June 29, there were more than 500 thousand deaths worldwide.
China's Shanghai Composite Index fell 0.54% at 22:40 EST (03:40 UTC), while Shenzhen Component fell 0.38%. China National Bureau of Statistics will publish the June Industrial Purchasing Managers Index on Tuesday.
Hong Kong index Hang Seng fell by 0.49%. On Tuesday, the Standing Committee of the National Congress of China is expected to pass national security laws for both Hong Kong and Macau.
Japan's Nikkei 225 fell 1.60% after the country's Ministry of Economy, Trade and Industry recorded a 12.3% drop in retail sales in May compared to a year earlier. The real decline was steeper than analysts predicted - by 11.6%.
KOSPI index in South Korea fell 1.2% after Finance Minister Nam-Ki Hong on Monday ruled out the need to adopt a fourth supplementary spending budget to combat a surge of coronavirus in the country.
Australia's ASH 200 fell 1.62 percent as the country's second largest state, Victoria, struggles to control a new outbreak.