Asia stocks set to slip as virus fears resurface; China's industrial production data ahead

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Stocks in Asia were set to decline at the open on Monday as fears resurface over the coronavirus pandemic.

Developments surrounding the coronavirus pandemic will likely continue to be watched by investors on Monday.in a "wartime emergency" after a cluster of infections was found

centered around a wholesale market, according to Reuters. Stateside, Texas and North Carolina also reported a record number of virus-related hospitalizations on Saturday. "News over the weekend have done little to ease concerns over the risk of a new round containment measures," Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, wrote in a note.

"As economies reopen, an increase in infection rates is to be expected, the question is whether detecting measures will be efficient enough to allow for localised containment measures without having to shut the whole economy again," Catril said. On the economic data front, a slew of Chinese economic data for May is set to be released around 10:00 a.m. HK/SIN, with industrial production as well as fixed asset investment for that month expected., which tracks the greenback against a basket of its peers, was last at 97.225 after rising from levels below 96.5 last week.

 

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Why care China fake data?

ntfri Are they scared, or is the US fear mongering?

Ya more 80 year olds 💀

Quarter one has been a complete washout. The financial results are coming out slowly. The markets are going to crash big time. Expect 40% down from today's level by the first week of July /Last week of June

Re: realDonaldTrump MUST WATCH THIS DIRECT PATIENT CARE NURSE EXPOSING NEW YORK CITY HOSPITAL COVID19 CORONAVIRUS SCANDAL WE NEED TO LEARN FROM THIS TO OPEN UP THE NATION AGAIN WITHOUT WAITING FOR VACCINE CDCDirector CDCgov WhiteHouse foxnewsalert

So

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