Asian stocks muted amid China COVID spike, tech rout.
Most Asian stock markets were mixed on Tuesday as recent losses invited some bargain hunting in the space, although losses in technology stocks and concerns over rising COVID-19 cases in China pressured most major bourses.
China’s blue-chip Shanghai Shenzhen CSI 300 index fell 0.1%, while the Shanghai Composite index was flat, with both indexes nursing steep losses over the past four sessions, as the country grapples with its worst COVID-19 outbreak yet.
