Asia stocks up as lockdowns eased, Hong Kong pares early losses

While Donald Trump has limited travel from Brazil as the Latin American country sees deaths and infections spiral, traders were focusing on the more upbeat news that governments from Asia, Europe and around the US were lifting economy-shattering shutdowns.

"Global investors are continuing to map the reopening of global economies to the overall risk narrative," said Stephen Innes of AxiCorp. It also turned up tensions between Washington and Beijing, already strained by Trump's barracking of China over its role in the spread of coronavirus and warnings about fresh tariffs.

"One big threat to the recovery in markets is the escalating war of words between the US and China," said Shane Oliver at AMP Capital Investors.

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Asia stocks mostly up on lockdown easing but Hong Kong extends losses | Malay MailHONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...
Fuente: malaymail - 🏆 1. / 86 Leer más »

Asia stocks mostly up on lockdown easing but Hong Kong extends lossesHONG KONG: Most Asian markets rose Monday (May 25) as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law.
Fuente: staronline - 🏆 4. / 75 Leer más »