Business InsiderTop News

Asian Stocks Mixed Over Rising COVID-19 Numbers

imageStock Markets3 hours ago (Jun 23, 2020 10:51PM ET)

(C) Reuters.

By Gina Lee

Investing.com – Asian stocks were mostly up on Wednesday morning, with investors continuing to monitor the ever-rising number of COVID-19 cases in the U.S. and globally.

There are now over 9.2 million cases globally as of June 24, according to Johns Hopkins University data.

Tensions are also rising in Hong Kong, with the National People’s Congress Standing Committee scheduled to meet over the weekend. The committee could possibly enact national security laws in both Hong Kong and Macau before July.

Hong Kong’s Hang Seng Index was down 0.05% by 10:46 PM ET (3:46 AM GMT), giving up some of its earlier gains.

China’s Shanghai Composite was up 0.10% and the Shenzhen Component gained 0.05%.

Japan’s Nikkei 225 rose 0.02% and South Korea’s KOSPI gained 1.48%

Down Under, the ASX 200 rose 0.11%.

Meanwhile investors remain buoyed over the possibility of continued stimulus measures as the fight against COVID-19 continues.

Stimulus “puts the bottom on bad news…bad news isn’t so bad if we think that that means more stimulus,” Nela Richardson, investment strategist at Edward Jones, told Bloomberg.

“The markets are responding also to the quick action, quickest in any recession going back to the Great Depression, of the Federal government and monetary authorities, not just in the United States, but around the world,” she added.

Asian Stocks Mixed Over Rising COVID-19 Numbers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Back to top button
Close
Close

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!