Asia stocks open steady as virus, China weigh
Asian stocks were off to a cautious start Wednesday as China’s clampdown on its technology giants and the spread of the delta Covid-19 strain subdue sentiment. Crude oil retreated.
Benchmarks edged lower in Japan, were SoftBank Group Corp. declined after a potential block of its $40 billion sale of Arm Ltd. to chip company Nvidia Corp. Equities were modestly higher in Australia and South Korea. U.S. equity contracts dipped. Overnight, corporate earnings took the S&P 500 to another record close.
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