• Latest
  • Trending
Asia extends global stock rally on economic recovery hopes; STI up 2.1%

Asia extends global stock rally on economic recovery hopes; STI up 2.1%

June 7, 2020
Moscow: The Navalny riots

Moscow: The Navalny riots

January 26, 2021
Dutch PM condemns riots as ‘criminal violence’

Dutch PM condemns riots as ‘criminal violence’

January 26, 2021
Trump the Swamp Terror warns “We will be Back”

Trump the Swamp Terror warns “We will be Back”

January 26, 2021
Hockey: Portland NHL pulling faulty pucks

Hockey: Portland NHL pulling faulty pucks

January 21, 2021
U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?

Portland Police Charge Demonstrators Destroy Democratic Party Offices

January 21, 2021
U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?

U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?

January 18, 2021
How Israel’s Likud Party played the long game toward annexation of the West Bank

How Israel’s Likud Party played the long game toward annexation of the West Bank

January 11, 2021
How the Capitol riot exposed our national security blind spots

How the Capitol riot exposed our national security blind spots

January 11, 2021
‘Good riddance,’ says China as Germany leaves UN Security Council

‘Good riddance,’ says China as Germany leaves UN Security Council

December 23, 2020
Indonesian police needs reforms, urgently & not just in Papua

Indonesian police needs reforms, urgently & not just in Papua

December 13, 2020
Chinese honey trap operation?

Chinese honey trap operation?

December 11, 2020
Bali’s villa dream or just another nightmare?

Bali’s villa dream or just another nightmare?

December 5, 2020
citizendaily
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
Tuesday, January 26, 2021
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
citizendaily
No Result
View All Result

Asia extends global stock rally on economic recovery hopes; STI up 2.1%

June 7, 2020
in Business, COVID-19, Economy, Featured, Health, World News
0
Home Business
Post Views: 6

 

Asian stocks extended a global stock rally on Wednesday (June 3) as investors continued to bet on a quick economic recovery from the coronavirus pandemic despite massive unrest across the United States.

Japanese shares led gains on yen weakness overnight, and stocks in Australia and South Korea also climbed.

Japan’s Nikkei index advanced 1.7 per cent, South Korea’s Kospi index climbed 2.6 per cent and Australia’s S&P/ASX 200 Index added 1 per cent.

RelatedPosts

6 reasons experts think herd immunity is terrible strategy for coronavirus

Coronavirus and market crash: Why many first-time investors may turn away from equities

The Perils of Big COVID Government in Asia

In Southeast Asia, COVID-19 Slowly Tightens Its Grip

E-wallets in Southeast Asia won’t stop burning cash

Hong Kong’s Hang Seng rose 1.1 per cent while the Shanghai Composite index added 0.4 per cent.

Singapore’s Straits Times Index was up 2.1 per cent at 9:49am local time.

Futures on the S&P 500 Index rose 0.3 per cent as of 9:03am in Tokyo after they closed on Tuesday at their highest since early March, with energy shares rising as crude oil extended its rebound. Gunmakers extended rallies as US President Donald Trump vowed to dispatch troops if the recent social unrest isn’t contained. Treasuries were steady after Tuesday’s retreat.

On Tuesday, European shares climbed to a 12-week high as Chancellor Angela Merkel sought to thrash out a second aid package for Germany.

Global stocks are trading at a three-month high as businesses continue to reopen around the world and manufacturing gauges show economies stabilizing following coronavirus shutdowns. That’s despite a slew of risks still on the horizon, including tense US-China relations that may jeopardize a hard-won trade deal.

The sometimes-violent demonstrations across US cities over the killing by police of George Floyd, an unarmed black man, aren’t yet seen as a major drag on the economy and corporate profits. Despite the unrest, Chicago will enter the next phase of its reopening plan as scheduled on Wednesday.

“If I look at the markets, I see a V-shaped recovery,” Mark Mobius, co-founder at Mobius Capital Partners, said on Bloomberg TV. “That’s what the markets are telling us.”

Elsewhere, the Australian dollar pared gains after data showed the economy retreated on a quarterly basis in the first three months of the year.

West Texas Intermediate crude increased 2.7 per cent to US$37.82 a barrel. Brent was at US$40.37 a barrel, up 2.1 per cent.

Source: The Straits Times
Tags: Angela MerkelAsiabusinessCoronavirusCOVID-19Economic RecoveryEconomyHealthStockTokyo
Previous Post

Facebook, PayPal invest in Indonesia’s ride-hailing firm Gojek

Next Post

Southeast Asia’s Overlooked Foreign Fighter Problem

Related Posts

Dutch PM condemns riots as ‘criminal violence’
Asia News

Dutch PM condemns riots as ‘criminal violence’

January 26, 2021
Trump the Swamp Terror warns “We will be Back”
Asia News

Trump the Swamp Terror warns “We will be Back”

January 26, 2021
Hockey: Portland NHL pulling faulty pucks
Canada

Hockey: Portland NHL pulling faulty pucks

January 21, 2021
U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?
Asia News

Portland Police Charge Demonstrators Destroy Democratic Party Offices

January 21, 2021
How Israel’s Likud Party played the long game toward annexation of the West Bank
Commentary

How Israel’s Likud Party played the long game toward annexation of the West Bank

January 11, 2021
How the Capitol riot exposed our national security blind spots
Bilateral

How the Capitol riot exposed our national security blind spots

January 11, 2021
Next Post
Asia extends global stock rally on economic recovery hopes; STI up 2.1%

Southeast Asia’s Overlooked Foreign Fighter Problem

Translate

Subscription

Popular Post

Moscow: The Navalny riots
Uncategorized

Moscow: The Navalny riots

January 26, 2021
0

  Moscow (25/1- 25).  Russia saw widespread protests against President Vladimir Putin at the weekend, with demonstrations involving tens of thousands of...

Read more

NGOs call for mass boycott of palm oil giant IOI

June 29, 2016
No peace for Greenpeace

No peace for Greenpeace

July 1, 2016

The Case Against Greenpeace

July 1, 2016
Children in ISIS Nusantara Media Outreach

Children in ISIS Nusantara Media Outreach

July 2, 2016
  • About Us
  • Creative Commons
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Contact Us

Topics

Follow Us

About Us

citizendaily.news is part of the citizen Daily Media Group LLC, which delivers daily news around the globe. ​

© 2012 The Citizen Daily

No Result
View All Result
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports

© 2012 The Citizen Daily