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Saturday, November 28th, 2020

Coronavirus Pandemic Casts Pall Over Asian Markets??

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by October 25, 2020 General

Asian markets are mixed Monday as investors appear to be reacting with uncertainty over the resurgence of COVID-19 across Europe and the United States.

Japan’s benchmark Nikkei index ended its trading session down 22 points, but unchanged percentage-wise. The S&P/ASX index in Australia lost 0.1%. South Korea’s KOSPI index dropped 0.7.

Hong Kong’s Hang Seng index gained 0.5%. Taiwan’s TSEC index was up 10 points, but was unchanged percentage-wise.

In late afternoon trading, Shanghai’s Composite index was 0.8% lower, and Mumbai’s Sensex was down one percent.

In commodities trading, gold was selling at $1,898.20, down 0.3%. U.S. crude oil is selling at $38.90 per barrel, down 2.3%, and Brent crude is selling at $40.83 per barrel, down 2.2%.

All three major U.S. indices are trending negatively in futures trading.

Source: Voice of America

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