Asia: Negative Stability for the Most Important Stocks

Asia: Negative Stability for the Most Important Stocks Asian stock markets began trading on Monday with negative stability due to the cautious follow-up by investors of the developments of the "Corona virus" crisis, influencing by "Jackson Hole" talks and meetings that will be held later this week as well. The MSCI index_ which is known as the largest stock in measuring the performance of the Asian countries share_ settled negatively, as it declined by 0.04%. However, it is still near its highest level in six months touched last week. The Australian shares market stabilized while the Japanese benchmark (Nikkei) index rose 0.1% after recording losses last week. But by 03:19 GMT, the Japanese benchmark Nikkei index rose 0.36% (76 points) to 22,997 points, and the Chinese (Shanghai Composite) settled at 3,380 points. While, the South Korean (Kospi) Index was also positively stabled.

What are the "Jackson Hole" meetings?

In 1978, the Federal Reserve Bank of Kansas City, USA, held an annual economic policy symposium, which focused on issues that do not receive direct attention in the current period, but looks at emerging issues and trends. Since 1981, the meeting has been held in "Jackson Hole", attended by all heads of central banks, finance ministers and market analysts from all over the world. The annual "Jackson Hole" symposium focuses on important economic issues facing the United States and global economies. The procedures of the symposium are closely observed by the investors, as the comments of the officials may affect the market conditions.   You might also be interested in:

Asian Stock Markets Coursed Horizontally and Positively