News Formal

Asian shares waver with coronavirus, corporate earnings in focus

  • 📰 Reuters
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Asian stocks dithered on Wednesday as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery while oil prices eased on oversupply fears.

FILE PHOTO: Employees of the Tokyo Stock Exchange work at the bourse in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato

Chinese shares flickered between green and red. Australian shares were down 0.4% as were indexes for New Zealand and South Korea. Japan’s Nikkei was off 0.1% and Hong Kong’s Hang Seng index was slightly firmer.Overnight, U.S. stocks fell, halting a five-day winning streak by the benchmark S&P 500 index, its longest this year and driven by better-than-expected economic data.

California reported more than 10,000 coronavirus cases on Tuesday, a record rise for a single day that also surpassed the number of contact tracers recently trained by the state to detect and prevent potential outbreaks. “The second wave of infection will see Victorian economic activity fall sharply and it will continue to lag the rest of Australia,” said NAB economist Kaixin Owyong.Citi analysts predicted global equities would hang around current levels in twelve months’ time.

 

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

With the pandemic spiraling out of control in the United States the markets will crash.

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:

 /  🏆 2. in MY

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.

Tech CEO filmed in racist attack against Asian family at restaurant - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good if every action like that is filmed and reported I believe people will feel embarrassing and will change their views and judgments . 👏👏👏
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asian stocks set to follow U.S. higher on China hopes, upbeat dataAsian markets looked set to rise on Tuesday as investors weighed growing expectations of an economic rebound in China and a resurgent U.S. services industry, brushing off worries about a spike in U.S. coronavirus cases. R, R, 130k dead is not “ good” news
Source: Reuters - 🏆 2. / 97 Read more »