China Reports Biggest Virus Spike Since March

The video discusses the resurgence of COVID-19 cases in China, particularly in Xinjiang and Dalian, and the impact on Hong Kong. It highlights the mixed market reactions, with the Japanese yen strengthening against the US dollar due to risk-off sentiment and dollar weakness. The Australian economy faces a recession, with significant earnings declines expected. However, Chinese tech stocks show promise, with the Hansing Tech Index outperforming the broader market.

How has the resurgence of COVID-19 affected the Japanese yen against the US dollar?

What impact has the COVID-19 pandemic had on the Australian economy according to the text?