Forex Marketz Daily Forex News – Fully Markets Update
The Asian and Pacific Rim equity financial markets were mostly higher this morning as the opening bell rang. Traders are watching headlines concerning the health of the U.S. President who was diagnosed with the novel coronavirus (Covid-19) last week and hospitalized.
The financial markets in China are closed on Monday so volume in the Asian area is lighter than normal.
In Japan, the Nikkei 225 was up 1.28 percent in the early morning and the broader Topix index, in Tokyo, was up 1.83 percent. In South Korea, the Kospi composite index was up over one percent.
Elsewhere in the Asian and Pacific Rim, the Australian ASX 200 jumped 2.1 percent as shares of the nation’s top banks rose. Shares of the Australia and New Zealand Banking Group were up 3.6 percent. Westpac shares jumped 3.74 percent and the National Australia Bank saw its stock add 3.26 percent. The Commonwealth Bank of Australia rose 2.65 percent.
In Hong Kong, the Hang Seng index was up 1.57 percent after the morning bell rang as shares of HSBC leaped over four percent.
Asian Traders watch President Trump’s Medical Condition Closely
The big news continues to be the American President, Donald Trump, who tested positive for the coronavirus las week. He has been admitted to Walter Reed Medical Center. He has also received supplemental oxygen and has had a fever.
His medical team says that he is being treated with dexamethasone. This is a steroid usually reserved for the most severe cases. The president’s physician, Dr. Sean Conley has said that his condition has improved and could be released from the hospital as early as today.
President Trump was admitted to Walter Reed National Military Medical Center on Friday. This was after he was given the antiviral drug remdesivir. On Sunday, he broke isolation to greet supporters from his motorcade.
