Connect with us

World

Asia stocks rise along with coronavirus cases

Anukul

Published

 on 

PHOTO: REUTERS/Issei Kato

Asian stocks are rising along with the number of coronavirus cases after the WHO reported the highest daily rise since the pandemic began.

The fine line between a second wave in cases and the removal of lockdowns seems to favour a more conservative approach in the stock market as caution is being taken.

The Nikkei 225 ranked 0.3% higher in Japan, while the Topix index increased by 0.18%. Kospi was fractionally lower in South Korea.

Hong Kong Hang Seng’s index fell by 0.32% in the afternoon as Chinese technology giant Alibaba shares fell by nearly 2%. On the other hand, the Chinese mainland inventory crept higher. The composite in Shanghai gained 0.28% while the component in Shenzhen added 0.556%.

In Australia, the S&P / ASX 200 was up 0.34%.

All in all, the ex-Japan MSCI Asia index traded 0.14% higher.

The Chinese capital of Beijing is adapting to its new cluster of infections by reportedly being able to now screen one million people a day for the virus.

“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.

SOURCE: CNBC

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published.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

My name is Anukul, I a writer for the Thaiger, I specialise in translation articles and social media, and assisting with our video production. I previously worked at Phuket Gazette and attended BIS international school in Phuket.

Follow Thaiger by email:

Best of8 mins ago

Top 5 shopping malls Phuket

Coronavirus Vaccines21 mins ago

11 charged for allegedly selling fake Bang Sue vaccination appointments

Koh Samui1 hour ago

Samui re-opening plans under threat as island infections rise

Sponsored21 hours ago

Experience Phuket’s Islands with 5 Star Marine

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand1 hour ago

Field hospital set up in Phuket Rajabhat University for Covid-19 patients

Coronavirus World2 hours ago

Vaccine hesitancy testing the patience of fully inoculated Americans

Coronavirus (Covid-19)3 hours ago

Friday Covid Update: 17,345 new cases and 117 deaths

image
Join the conversation on the Thaiger Talk forums today!
Phuket10 hours ago

Domestic travel to Phuket all but banned starting August 2

Coronavirus (Covid-19)11 hours ago

Despite Covid-19 Phuket Sandbox continues at least 2 weeks

Coronavirus (Covid-19)13 hours ago

Chulalongkorn University progressing on domestic mRNA vaccine

Koh Samui17 hours ago

Black Club Covid-19 outbreak on Koh Samui widens

Thailand18 hours ago

Possible earthquake in Nonthaburi this morning

Best of18 hours ago

Chiang Mai’s 8 most indulgent spa hotels

Coronavirus (Covid-19)18 hours ago

Bangkok Bang Sue scam under investigation, 7 volunteers and counting to be questioned

Thailand19 hours ago

Thailand News Today | ‘Crowding’ due to camera angles, train hospitals | July 29

Thailand19 hours ago

Spray guns ineffective and dangerous, says TFDA

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending