Coronavirus Pandemic Casts Pall Over Asian Markets  

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.   

October 26th, 2020 by
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