Topix in Japan, where the number of cases increased rapidly, and Kospi in South Korea, lost more than 1 percent. Hong Kong Hang Seng also traded negative. Losses are also reflected in US futures. The first futures transactions in the S&P 500, which closed Friday with an increase of 0.2 percent, decreased at the same rate.
The Bloomberg Dollar Index rose with the low risk appetite. The 10-year U.S. Treasury yield fell after Michigan Consumer Confidence hit an almost 10-year low on Friday. The yield is at 1.25%, down 3 basis points.
Demand concerns also have an impact on oil. US crude oil September contract and Brent October contract fell 1 percent for the day. Investors will be watching closely the minutes of the Fed's July rate decision meeting, which will be released Wednesday this week.
Unable to restrain delta variant
Delta variant disrupts the fight against Kovid-19 in developed and developing countries around the world. While a record number of daily deaths were recorded in Iran over the weekend, the number of daily cases in Thailand, Vietnam and the Philippines in Asia approached records.
Kathy Hochul, the Governor of New York in the USA, announced that the state may impose a vaccination requirement for all kinds of indoor events.
According to experts, variants also increase herd immunity to impossible levels. Greg Poland, Head of the Vaccine Research Group from Cleveland Clinic, stated that it is almost impossible to catch herd immunity, and said that with rapidly transmitted variants, herd immunity may not be achieved even at 95 percent vaccination rate.
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