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Asian shares declined on Monday as oil and copper ran weakly. This followed after an upsurge in global coronavirus cases overshadowed markets, while investors waited for the European zone and the United States to implement fiscal stimulus to combat the virus crisis.
MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.2%, erasing initial gains after E-mini futures for the S&P 500 tallied a 0.4% loss.
Australian shares declined the most, dropping 0.6% as virus cases in Victoria’s Southeast state surged. South Korea’s KOSPI also shed gains, declining a total of 0.5% as Hong Kong’s Hang Seng index recorded a 0.4% drop. Chinese shares jumped 0.8%.
Japan’s benchmark index Nikkei fell 0.35%. This followed after data revealed that the country’s exports recorded a double-digit decline for four consecutive months ended June.
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
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 ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
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