Asian markets drops as coronavirus cases continue up

Asian stock markets were down on Monday morning as the number of COVID-19 cases continues to rise unabated.

The ASX 200 saw the sole gain as it rose 1.79 percent by 10:33 PM ET (3:33 AM GMT).

China’s Shanghai Composite lost 1.22% while the Shenzhen Component was down by 2.9 percent. The National Bureau of Statistic will publish the country’s latest manufacturing PMI numbers on Tuesday.

Japan’s Nikkei 225 slipped 3.36%. The Japanese government expanded its entry ban to include citizens traveling from the U.S., China, South Korea and most of Europe.

Meanwhile, Hong Kong’s Hang Seng Index fell by 1.51 percent

South Korea’s KOSPI was down by 1.74% as the government considers financial support to 10 million lower-income households at an emergency economic council meeting this week.