Asian markets mostly rise after forecast-busting US jobs data

Asian markets fall further as new strain clouds near-term outlook


Hong Kong: Concerns about a surge in virus cases and a new lockdown pushed the stock market down again on Tuesday, while concerns about new pressure from the United Kingdom and a deadlock in Brexit trade talks put pressure on the pound.

It is said that the spread of this mutated virus has increased by 70%, forcing many countries in the world to close borders with the United Kingdom and covering up the introduction of vaccines and news that US Congressmen have agreed to new stimulus measures.

Analysts said that investors are taking the opportunity to take advantage of recent gains during the holidays. Most people said that as the economy opens after people are vaccinated, the entire market will surge in 2021.

However, they point out that long-term optimism is based on concerns about the direct impact of the latest wave of infections.

Steven Wieting of Citibank Private Bank told Bloomberg TV: “What we see outside of the UK is a terrible thing for the market, which may stimulate some profit-taking. But he added Said that the vaccination campaign should be a “game changer.”

Tokyo, Hong Kong, Shanghai and Seoul are all at a loss, while Sydney fell by 0.9%. This is because investors are increasingly worried about the city’s surge in new infections, leading to containment measures.

Despite the rise in Wellington, Taipei, Singapore, Jakarta and Manila also suffered losses.

The loss extended Monday’s sell-off and Wall Street’s retreat.

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