Forex Marketz Daily Forex News – Fully Markets Update
The Asian and Pacific Rim equity and financial markets were broadly higher during the early morning hours of Monday’s quiet Asian trade session. Traders are watching news of a potential Covid-19 (coronavirus) plasma treatment out of the United States.
There are worries with Asian financial market participants over the spread of the coronavirus in India as cases keep moving higher.
In Japan, the benchmark Nikkei 225 added 0.35 percent by mid-morning. The broader Topix index, in Tokyo, saw shares tack on 0.2 percent. Across the Korean Strait, the South Korean Kospi index was up 0.94 percent.
Elsewhere in the Asian and Pacific Rim, the Australian S&P ASX 200 added 0.17 percent and shares on the Hang Seng Index, in Hong Kong, rose 1.4 percent.
On the mainland, in China, the Shanghai composite was up a fraction of a percent and the Shenzhen component rose 0.17 percent.
Asian Traders Monitor the New ChiNext Index
The new ChiNext, index out of China,was down 0.314 percent. The first round of companies using the Nasdaq style trading board with its new initial public offering (IPO) system debut today.
The new regulations with the ChiNext will allow stocks to rise or fall twenty percent. It was originally set to allow shares to gain or lose ten percent during the course of a trade day.
Traders Watch Covid-19 Headlines and Vaccine News
U.S. President Donald Trump’s Whitehouse will considering fast tracking an experimental coronavirus (Covid-19) vaccine that was developed in the United Kingdom to be used in the United States.
He is doing this before the national elections scheduled for 3 November.
In India, the number of Covid-19 cases is now above three million. This is according to statistics from the Government of India’s Ministry of Health and Family Welfare. India now has the most active cases in the world behind Brazil and the United States.
