Stocks rally with oil but virus uncertainty keeps traders on edge | Malay Mail

Thursday, 23 Apr 2020 05:28 PM MYT

But observers say the route out of the crisis remains uncertain, while the head of the World Health Organisation warned the end was still a long way off. Iran, meanwhile, said it put its first military satellite into orbit. Washington alleges the space programme is a cover to develop ballistic missiles.

Still, Asian markets enjoyed a welcome advance. Tokyo, Mumbai and Jakarta were all more than one per cent higher, while Seoul put on one per cent and Hong Kong gained 0.5 per cent. However, he pointed to China, which is emerging from months of lockdown but is struggling to kickstart the key consumer sector.

Data showed South Korea’s economy contracted 1.4 per cent in January-February, its worst number since 2008, and in Germany a closely watched forward-looking index of consumer confidence came in at a record low for May.

United States United States Latest News, United States United States Headlines

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

Hong Kong stocks end on positive note | Malay MailHONG KONG, April 23 — Hong Kong stocks closed higher today, in line with gains across Asia and on Wall Street as oil prices extended their rally, though concerns over the economic outlook continue to cloud investor sentiment. The Hang Seng Index added 0.35 per cent, or 83.96 points, to 23,977.32....
Source: malaymail - 🏆 1. / 86 Read more »

Asia stocks fall after US crude collapses for second day | Malay MailTOKYO, April 22 — Asian share markets slipped to two-week lows today as the floor fell out from under crude prices, exposing the deep economic damage wrought by the global coronavirus health crisis. Skittish investors sought the safety of government debt as Brent oil futures plunged for a second...
Source: malaymail - 🏆 1. / 86 Read more »