A safe trading session was monitored in Asian share markets on Monday. Investors’ sentiment level was supported by hopes that strong corporate earnings and economic data will minimize the disruptions brought by the pandemic. However, the U.S. crude sunk down to a 20-year low record.
According to figures released by Japan, its exports had shed a total of 12% in March. Its U.S.-bound shipments also declined by 16%. April’s manufacturing report is set to be released on Thursday and is expected to render a negative result.
MSCI’s broadest index of Asia-Pacific shares outside Japan reversed 0.2%. The index marginally eased after five consecutive weeks of earnings. The Japanese benchmark index Nikkei declined with a 0.9% setback while Shanghai blue chips inched down 2.4%. Minimal market reversals followed even after China reduced its benchmark interest rates.
S&P 500 E-Mini futures slipped 0.2% after the upbeat performance recorded last week. It soared to a new record on optimism that several states in the United States would reopen their economies soon.
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Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Wall Street recorded a sharp decline on Thursday. This followed after investors fled market-leading technology shares due to mixed earnings reports and pieces of evidence of a worsening virus crisis, increasing the possibility of a sharp ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...