General Miscellaneous

Asian Markets Begin Trading Week Mixed as Pandemic Worsens

Asian markets are mixed Monday amid continuing signs of economic damage caused by the coronavirus pandemic.

Japanese markets were closed for a national holiday, while Taiwan’s TSEC index gained 0.6%.

Australia’s S&P/ASX index lost 0.9%, while the Shanghai Composite index fell just over one percent and the KOSPI in South Korea dropped 0.1%.

In late afternoon trading, Hong Kong’s Hang Seng index is up 30 points but virtually unchanged percentage-wise (+0.11%) and Mumbai’s Sensex is 0.8% higher.

In commodities trading, gold is up 0.8% at $1,850.40 an ounce. U.S. crude oil is selling at $51.86 per barrel, down 0.7%, and Brent crude oil is down just over one percent, selling at $55.38 per barrel.

All three major U.S. indices are trending negatively in futures markets.

Source: Voice of America