Asian shares drop on jitters over virus, China-US friction

TOKYO (AP): Shares fell in Asia on Tuesday (July 14) as skepticism set in about the recent upward momentum in global markets given rising confirmed coronavirus cases and percolating tensions between the US and China.

The White House’s decision to reject nearly all Chinese maritime claims in the South China Sea added to investor jitters. The world’s two largest economies have been sparring over everything from the pandemic to human rights.