News dalla rete ITA

8 Aprile 2020

Malaysia - Singapore - Filippine - Cina - Corea del Sud - Giappone - Hong Kong

ASIAN MARKETS BOOSTED BY EASING VIRUS TOLL

Asian markets rose on Monday as some of the world’s worst-hit countries reported falling death rates, providing some much-needed hope in the battle against the coronavirus, though oil prices dipped after a meeting of top producers was delayed.While the disease continues its deadly sweep across the planet, with more than 1.25 million now infected and nearly 70,000 dead, news out of Europe that fatalities were easing has lifted spirits on trading floors. Italy reported its lowest daily toll in two weeks, while Spanish officials said deaths fell for the third straight day and France reported its lowest daily toll in a week. Meanwhile, South Korea saw its fewest new cases in six weeks, Australian new infections were also dropping and Donald Trump said the US was showing signs of stabilising, despite the number of cases there passing 335,000 – the highest in the world.“Focus in markets will now turn to the path out of lockdown and to what extent containment measures can be lifted without risking a second wave of infections,” said National Australia Bank’s Tapas Strickland.Lindsey Piegza, at Stifel Nicolaus and Co, told Bloomberg TV that she was hopeful the crisis could be brought under control and the US economy reopened “by the end of April, early May”.“If that does occur, it’s likely that we’re able to control the downturn from a depressionary scenario into a recessionary scenario”.The relatively upbeat news lifted Asian markets, which shrugged off data on Friday showing a massive drop in US jobs in March that added to news that millions of people had applied for unemployment benefits. Tokyo, Sydney and Manila all rose more than 4%, while Seoul, Singapore and Jakarta gained almost 4%. Hong Kong jumped 2.2%. Taipei added 1.6%, while Shanghai was closed for a holiday.London, Paris and Frankfurt all rallied out of the blocks in early trade. (ICE DUBAI)


Fonte notizia: Tribune The Express