HONG KONG )AFP) - Asian markets mostly retreated on Monday Aug 3) with sentiment depressed by a spike in coronavirus infections that has forced fresh lockdowns and sparked worries about the impact on the world economy.. Read more at straitstimes.com.
HONG KONG )AFP) - Asian markets mostly retreated on Monday Aug 3) with sentiment depressed by a spike in coronavirus infections that has forced fresh lockdowns and sparked worries about the impact on the world economy.
Australia's Victoria state imposed fresh, sweeping restrictions Sunday, including a curfew in Melbourne for the next six weeks, a ban on wedding gatherings, and an order that schools and universities go back online in the coming days. "There is going to be a recovery - we shouldn't lose track of that as we go through this period," Anne Anderson, of UBS Asset Management Australia, told Bloomberg TV.
Shanghai rose 0.8 per cent following a forecast-beating reading on factory activity from Caixin, days after a strong official report showed improvement in the manufacturing sector.Singapore's Straits Times Index was down 1.4 per cent going into the midday trading break.
In Washington, Democrats and Republicans remain miles away from an agreement on a new stimulus bill, even after supplemental unemployment benefits credited with boosting consumption despite soaring joblessness expired at the end of last week.
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