Home Health News Asia stocks mixed as virus cases stateside surge again; China keeps benchmark lending rate unchanged – CNBC

Asia stocks mixed as virus cases stateside surge again; China keeps benchmark lending rate unchanged – CNBC

4 min read

Stocks in Asia traded mixed on Monday as the number of coronavirus cases stateside soared again.

In Japan, the Nikkei 225 closed 0.18% lower at 22,437.27 while the Topix index ended its trading day 0.23% lower at 1,579.09. South Korea’s Kospi closed 0.68% lower at 2,126.73.

Hong Kong’s Hang Seng index dipped 0.75%, as of their final hour of trading, with shares of Chinese tech giant Alibaba dropping more than 2%. Mainland Chinese stocks were mixed on the day. The Shanghai composite dipped slightly to about 2,965.27 while the Shenzhen component added 0.294% to around 11,702.44.

Over in Australia, the S&P/ASX 200 closed above the flatline at 5,944.50.

Overall, the MSCI Asia ex-Japan index slid 0.18%.

Investors watched for market reaction to the rising number of coronavirus cases in the U.S., with more than 30,000 new infections reported on Friday and Saturday — the highest daily totals since May 1 — according to data compiled by Johns Hopkins University.

Meanwhile, an official said Sunday that the Chinese capital of Beijing is capable of screening almost 1 million people a day for the coronavirus, according to Reuters. That development came on the back of a recent cluster of infections that was found in the city.

“The world is, and accordingly markets are, grappling with conflict and caution. At every level this resonates as much as it rattles,” Vishnu Varathan, head of economics and strategy at Mizuho Bank, wrote in a note.

“From the conflict between celebrating ‘peak COVID’ as well as ‘exit from lockdowns’ and the real and present dangers of “second wave” infections risks, there must be some degree of caution,” Varathan said. 

China kept its benchmark lending rate unchanged on Monday, with the 1-year loan prime rate left at 3.85%. The 5-year loan prime rate was also kept steady at 4.65%.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.488 after rising from levels below 96.8 last week.

The Japanese yen traded at 106.93 per dollar after seeing levels above 107.4 in the previous week. The Australian dollar changed hands at $0.6861 following its slide from levels above $0.693 last week.

Oil prices were mixed in the afternoon of Asian trading hours, with international benchmark Brent crude futures up 0.17% at $42.26 per barrel. U.S. crude futures dipped 0.55% to $39.53 per barrel.

Let’s block ads! (Why?)

Source link


  1. ปั้มไลค์

    June 22, 2020 at 2:30 pm

    Like!! I blog quite often and I genuinely thank you for your information. The article has truly peaked my interest.


  2. Thank you ever so for you article post.


  3. I like the valuable information you provide in your articles.


  4. เบอร์สวยมงคล

    June 22, 2020 at 2:33 pm

    I am regular visitor, how are you everybody? This article posted at this web site is in fact pleasant.


  5. SMS

    June 22, 2020 at 2:34 pm

    Your site is very helpful. Many thanks for sharing!


  6. Leopoldo Jekot

    July 25, 2020 at 8:48 pm

    Hello , do you want to make more money from your blog ? you can join our trusted ad network and make good daily income from your website , try our service for free and see the daily revenue how it can increased >> https://cutt.ly/adnetwork


  7. Gonzalo Koon

    July 31, 2020 at 8:06 am

    Hello .Do you eat at McDonalds ? if you from canada and eat at McDonalds , you can get free McDonalds Gift Card , this just for limited time , try now and get free meals >> http://lnkclik.com/95s7


Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Boston OKs Halloween, offers tips for safe trick-or-treating to reduce spread of coronavirus – Boston Herald

Mayor Martin J. Walsh and the Boston Public Health Commission on Tuesday urged residents w…