In this photo provided by the New York Stock Exchange, trader Edward Curran works on the floor, Thursday, Dec. 17, 2020. Stocks rose in morning trading as investors remain optimistic that Washington will deliver another round of financial support for the economy as vaccines begin slowly rolling out to the public.
Market action suggested investors see “bad data is good news” for progress toward a stimulus, said Mizuho Bank in a report.The Nikkei 225 in Tokyo lost 0.2% to 26,760.30 while the Shanghai Composite Index was down less than 0.1% at 3,403.87. The Hang Seng in Hong Kong lost 0.7% to 26,490.37. The Labor Department reported the number of Americans applying for unemployment benefits rose to 885,000 last week, the highest level since September.
Despite that, the S&P 500 rose 0.6% on Thursday to 3,722.48. The Dow Jones Industrial Average gained 0.5% to 30,303.37. The Nasdaq added 0.8% to 12,764.75., which helped shore up the markets early in the pandemic.
Asian markets know the US “stimulus” is going toward corporations and large businesses, not consumers, thus would actually hurt their economies as consumer purchasing ability will remain unchanged or continue to fall.
Hi. I see you wrote 'South Korea' but did you know that Koreans don't really like it when you specify 'South' when it's not totally necessary to what you're saying? It's a painful and unwelcome reminder of our divided country. Please consider this in the future. 감사합니다!
Shifting $ to US. Investors are going to bet on the winning horse. The pandemic might make it a Painful and scary race. Investors are betting on USA to come out stronger. They don’t care who gets the stimulus checks, just how recipients spend it.
Fck Asian stock markets
That stimulus isn't enough to even say grace over. 🤬
Which one is it borrachos?
The world is also watching and waiting to see how the actual transition goes. So far it hasn’t been too encouraging
nice