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Asian equities extends gains as COVID-19 cases slow down

07.04.2020 09:01:39
133553

Asian equity markets extended gains on Tuesday after the United States, Italy, and Spain reported a steady decline in COVID-19 cases over the weekend.

South Korea’s KOSPI inched up by 0.95% at 10:23 PM ET (3:23 AM GMT) as Samsung Electronics exceeded expectations after announcing that their first-quarter profits reached near $5.2 billion.

Japan’s Nikkei 225 gained a moderate 0.93% after Prime Minister Abe rolled out a ¥39 trillion ($357.55 billion) stimulus package before declaring a state of emergency.

Hong Kong’s Hang Seng Index gained by 0.26%. Meanwhile, China’s Shanghai Composite and the Shenzhen Component gained 1.53% and 2.32% respectively.  

Australia’s ASX 200 dipped by 0.5%, losing gains made earlier. The Reserve Bank of Australia is due to announce an interest rate resolution later in the day.  

Latest News

31.07.2020 11:00:29

Asian stocks dwindle as global growth fears overshadow strong tech earnings

Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...

30.07.2020 09:00:24

Asian stocks jump, dollar plunges on Fed’s policy

Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...

29.07.2020 09:00:24

Britain signs deal with Sanofi/GSK for 60 million doses of COVID-19 vaccine

Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...

27.07.2020 13:00:22

Oil falls on rising coronavirus cases, U.S.-China conflict

Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...

24.07.2020 11:00:23

Oil rises, but gains capped by demand, U.S.-China tensions

Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...

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