Asian Shares Reduce Losses

Asian Shares Reduce Losses

When we look at the global markets, Asian shares lost their losses, while US shares started to increase after the decrease. Asian stocks have reduced losses and US stock futures have risen due to the influence of uncertain signals that investors are beginning to turn into risky assets while assessing the economic impact of their efforts to reduce coronavirus effects. While shares in Japan were falling, losses in Hong Kong decreased more controlled. Stocks rose in Korea and China. S&P 400 Index futures rose after the sharp decline. In recent developments regarding the virus, casualties have increased in France and Spain. Italy and Germany expanded their quarantine measures. "The toughest economic blow on a monthly basis will be in April. This will be a bumpy health crisis in the US," Goldman Sachs senior investment strategist Abby Joseph Cohen said in an interview with Bloomberg Television. WTI oil barrel jumped over $ 21 after US President Donald Trump pledged to meet with Saudi Arabia and Russia, who were in a price war to support the market. HERE SOME GLOBAL MARKET STATUS Stocks S&P 500 Index futures rose 1.2 percent at 13:38 hours in Tokyo time. Topix Index in Japan fell 1 percent. Hang Seng Index fell 0.1 percent in Hong Kong. Kospi Index rose 0.7 percent in South Korea. Currency The yen was down 0.3 percent to $ 107.47 against the dollar. Euro / Dollar parity was 1.0937, 0.3 percent minus. Commodity US oil rose 5 percent and traded at $ 21.33 a barrel. Gold was down 0.4 percent to $ 1,584.50 an ounce.