Stocks and oil advance as countries begin to slowly reopen

  • 📰 staronline
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

HONG KONG: Equities and crude rallied on Tuesday (May 5) as investors cheered a further easing of lockdowns in some countries, which offset a brewing row between the US and China that some fear could see them renew their trade war.

While the death toll from the Covid-19 outbreak passed 250,000 and infections approached 3.6 million, there are signs it is easing, allowing governments in Europe and parts of Asia-Pacific as well as some US states to begin allowing some businesses to reopen.

Sydney gained more than one per cent, while Mumbai and Taipei edged up 0.5%, Singapore piled on 0.7 % and Manila jumped 1.7%. The comments, and his warning he could hit China with fresh tariffs, fanned fears of a repeat of the standoff between the economic superpowers that battered markets last year. "We are more focused on... the policy reactions which every government and central bank is taking up and I think that's a more important driver right now for the economy."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong stocks finish 4.18pc down | Malay MailHONG KONG, May 4 — Hong Kong shares finished with big losses today on fears of a renewed China-US trade war after Donald Trump hit out at Beijing over its handling of the coronavirus crisis. The Hang Seng Index dived 4.18 per cent, or 1,029.79 points, to close at 23,613.80. Mainland Chinese...
Source: malaymail - 🏆 1. / 86 Read more »