Japan’s Nikkei 225 lost 4% in morning trading, while Hong Kong’s Hang Seng retreated 1%. Stock benchmarks in South Korea and Shanghai were little changed. Australia’s ASX 200 rose 3.2%.
Volatile stock markets reflect investors grappling with a lot of conflicting information, said Vikas Pershad, portfolio manager at M&G Investments. “The markets are not broken. What we’re seeing is a very large disconnect between the present world and the future that they’re pricing in,” he said. The number of new coronavirus cases in the U.S. topped 66,100, with a death toll of more than 940, led by a continued surge of infections in New York. Globally, there were more than 470,000 cases Thursday, with a death toll surpassing 21,200, according to data from Johns Hopkins University.
Japan has a corona effect on the economy, but cherry blossoms are in a beautiful season
I hope they catch up
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: AP - 🏆 728. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »