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By Gina Lee
Investing. com – Asian stocks fell on Monday morning, with a COVID-19 in Europe that curbed investor confidence.
The UK is contemplating a new national blockade in the UK, and Health Secretary Matt Hancock warned that the country is at a ”turning point”. Meanwhile, countries such as Denmark and Greece restored restrictions last week. ) has introduced a review of its COVID-19 bond purchase programme, with the programme schedule and the consultation of whether its flexibility would extend to the former ECB programmes to be discussed.
China’s Shanghai Composite lost 0. 46% as of 2321 ET (4:21 GMT), while the Shenzhen component fell 0. 08%. The day, as expected. The prime rate on one-year loans (LPR) was unchanged at 3. 85%, while the five-year LPR was unchanged at 4. 65%.
Tensions between the United States and China are also on investors’ radar after United States Justice of the Peace Laurel Beeler ended restrictions on WeChat through the administration of President Donald Trump. Meanwhile, Trump approved Oracle (NYSE: ORCL) Corp. ‘s acquisition of TikTok’s US operations “in concept” a day earlier.
Hong Kong’s Hang Seng index fell by 1. 09%, and HSBC’s shares in Hong Kong (HK: 0005) fell to its lowest point since 1995. HSBC is one of the banks accused of moving giant sums of supposedly illicit budgets for nearly two decades through monetary means. Crime Enforcement Network (FinCen).
South Korea’s KOSPI declined by 0. 18%, reversing some past gains, and in Australia, the S
Japanese markets are closed for holidays.
U. S. Federal Reserve Chairman Jerome Powell must testify before the U. S. Congress. But it’s not the first time At the end of the week to talk about US COVID relief efforts, the US will not be able to do so. And investors are also advancing on the new COVID-19 stimulus package.
Some have issued a pessimistic note.
“We are involved with poor market reaction to some of the uncertainties we face: the choice, possibly around Covid-19, and the fact that we don’t yet have a stimulus plan,” Riverfront Investment Group’s senior market strata Rebecca Felton told Bloomberg.
“I think we could be volatile down here. “
But other investors remained more optimistic, despite global equity valuations close to a peak of nearly two decades. With knowledge of the funding flows that appear, silver continues to move towards US stocks. But it’s not the first time And the Fed promises interest rates close to 0 in the coming years, expecting gains in the moderation effects of COVID-19.
“We’ve been pretty optimistic in the equity market for some time,” Tribeca Investment Partners fund manager Jun Bei Liu told Bloomberg.
“The basic economic recovery seems to be on track. Over the next 6 to 12 months, we’re seeing a really big improvement in profits. “
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