BEIJING — Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump’s promise of aid to get the U.S. economy through the coronavirus outbreak.
The White House proposal could approach $1 trillion in spending to ward off the pressure of business closures to contain the virus. The Federal Reserve announced more measures to keep financial markets operating. Treasury Secretary Steven Mnuchin said Trump wants to send checks to Americans in the next two weeks to help support them while more parts of the economy come closer to shutting down.The measures are a good start but investors need to see the number of infections slow before markets can find a bottom, analysts said. The number of new cases reported in China, where the virus emerged in December, is declining but infections in the United States, Europe and elsewhere are increasing.
The Shanghai Composite Index rose 1.3% to 2,814.70 and the Nikkei 225 in Tokyo gained 1.9% to 17,342.71. Hong Kong’s Hang Seng added 0.5% to 23,384.51.The Kospi in Seoul gained 0.5% to 1,682.12 in early trading. Australia’s S&P-ASX 200 fell 5% to 5,029.70.
Trump may lie a lot. But his re-election is on the line here so you can bet he'll prop up the economy whichever way he can. As dor the rest of us well...
Get your hand out of your mouth. 🤬
They're just too tired to drop. But the stocks will drop again by the newton's laws of resistant force R+(-R1) ~ 0, means that each rise added to its equivalent fall is near 0...means no rise. No rise will be at rest until moved by an external force. Wow.. dr voodoo speaks out!
Another Pic of A Stock Broker Touching His Face?
Futures down 620 points. So much for that
1. He lies. 2. He lies a lot. 3. Socialism for corporations. 4. Brutal capitalism for the humans.
Tell the guy in the photo not to touch his face! 🙃
When will people wake up and realize this is orchestrated to make Trump look like the genius he is. And now to the stage. StayAtHomeChallenge KAG2020
And if the markets believe that, they'll believe anything.
Guy out in public sucking on his whole hand. Very pre-rona.
Just keep printing baskets of money Repubs. Been doing it for years now. When the whole outhouse burns down you can explain why Gold is King again.
He’s lying... again
Why can’t trump bail out the restaurant industry? So many Americans work in food service and are not working or are about to be sent home for weeks without pay. What about these jobs?
That guy shouldn’t touch his face
Maybe this dude popping up everywhere now is just selfish and greedy! Hmm let’s test the spirit!
Stocks are jumping on the promise Trump will back the rich who can invest in stocks. The people who are middle class or poor are screwed.Trump’s only goal is for short term gains. In the long run, the country is screwed.
🙄 Trump can’t keep on script and things are about to get worse… We are far too disorganized to count on the stock market… We need real money in the hands of people making less than $100,000
Republicans love socialism.
They believe him? Pfffffft
Hey get your finger away from your mouth !!!
Meanwhile, everyday Americans wondering how they're going to pay bills, rent or even eat during this crisis:
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Source: Reuters - 🏆 2. / 97 Read more »