Indonesia is battling record high cases while a lockdown in Malaysia is set to be extended. Thailand too announced new restrictions in Bangkok and other provinces.
FILE PHOTO: An investor looks at an electronic board at a brokerage house in BeijingSYDNEY - Asian shares got the week off to a cautious start on Monday, with Chinese markets holding steady, as a spike in coronavirus cases across the region over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.
Chinese shares were a touch higher with the CSI300 index up 0.2%. Data over the weekend showed profit growth at China's industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity. The infrastructure plan is valued at $1.2 trillion over eight years, of which $579 billion is new spending.
On Friday, the S&P 500 rose 2.7% for the week, its strongest weekly gain since early February after data showed a measure of underlying inflation rose less than expected in May, easing fears of a sudden tapering in stimulus by the Federal Reserve.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares start on cautious note amid rise in COVID-19 casesAsian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment ...
Read more »
Sydney and Darwin in lockdown as Covid-19 cases pop up across Australia
Read more »
Sydney to enter two-week hard lockdown as COVID-19 cases growAustralia's state of New South Wales reported on Saturday 29 locally acquired COVID-19 cases as a list of exposure sites grew and a week-long ...
Read more »
13 new community COVID-19 cases in Singapore, including 6 unlinked infectionsSINGAPORE: Singapore reported 13 new COVID-19 infections in the community as of noon on Saturday (Jun 26), including six with no links to previous ...
Read more »