Asian stocks under pressure after spike in coronavirus cases

FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease outbreak, walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 18, 2020. REUTERS/Kim Kyung-Hoon

“We expect something of a positive start for Asian trade, but we will have overhanging concern about the virus itself and a second wave unfolding,” said Kyle Rodda, market analyst at IG Markets. “The market is clinging on to a recovery as much as it can.”Japan’s Nikkei 225 futures fell 0.02%. Hong Kong’s Hang Seng index futures lost 0.01%.

However, the three major indexes pared gains from highs of more than 1% earlier in the session on Tuesday. U.S. states including Texas and Arizona set records in their outbreaks. The European Union is prepared to bar U.S. travellers because of the surge of cases in the country, putting it in the same category as Brazil and Russia, the New York Times reported on Tuesday.

Laurie_Garrett January Redub.

Laurie_Garrett It is difficult to understand, but 'the price' of the covid is already assumed in the current price of the shares.

China is not Asia. It is One China, a different place.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Asian stocks set to track upbeat Wall Street despite rising infectionsAsian stocks were set to edge up on Tuesday after oil prices rose and technology firms pushed Wall Street higher, although investors remained worried about fresh coronavirus outbreaks across the globe. Decent timing on story
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »