Asian Stocks Rise Ahead Of US Economic Data Amid Virus Fears
Market benchmarks in
Investors looked ahead to
Investors have been rattled by decisions to reimpose anti-virus controls in
“In the short term, the negative news may well win out,” said Patrik Schowitz of
The Shanghai Composite Index rose 0.9% to 3,406.79 while the Hang Seng in
The Kospi in
Investor enthusiasm surged on announcements by pharmaceutical companies about promising preliminary data from tests of possible vaccines. Those hopes have been tempered by the reality of the weeks or months required to test, produce and distribute a possible vaccine even if it is successful.
On Thursday, the governor of
Also last week,
The S&P 500 lost 0.7% on Friday to 3,557.54. The Dow Jones Industrial Average fell 0.7% to 29,263.48. The Nasdaq composite dropped 0.4% to 11,854.97.
Investors have been encouraged by court decisions rejecting some of President Donald Trump’s challenges to results of the
“The election was not stolen. But a smoother and stronger recovery may be,” said
Mnuchin’s decision to withdraw emergency loan money, over the Fed’s opposition, undercut the central bank's ability to support a recovery, said
“The Fed’s policy has been unnecessarily and prematurely denied the Treasury’s backing," the bank said.
Also Monday,
In energy markets, benchmark
The dollar declined to
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