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Virus woes and tech crackdown hammer stocks; bonds rally

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Reuters

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks fell to a six-week low on Thursday as an extended selloff in tech shares in Hong Kong and rising virus cases added to a broad risk-averse mood, pressuring oil prices and lending support to bonds and the dollar. A surprise dovish turn from Chinese policymakers also sparked a rally in sovereign Chinese debt and sent 10-year yields to a 10-month low. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% to its lowest since late May, shrugging off a positive tilt from Wall Street. “Market sentiment is turning somewhat shaky,” said OC…

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