Stock Market, Sıngapore Stocks, Coronavırus, Covıd-19

Stock Market, Sıngapore Stocks

Asia markets mostly lower as coronavirus spike forces new lockdowns

Asia markets mostly lower as coronavirus spike forces new lockdowns

3/8/2020 7:23:00 AM

Asia markets mostly lower as coronavirus spike forces new lockdowns

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.

A lack of substantial progress by US lawmakers on a new stimulus package is also frustrating traders, while US-China tensions continued as the White House considers measures against Chinese tech firms, citing national security.With the disease showing no sign of easing globally - total cases topped 18 million on Monday - governments are moving to reimpose containment measures.

Police investigating woman who allegedly disregarded repeated advice to wear mask at MBS Short term visitors from South Asia make up fewer than 10 imported Covid-19 cases in last 28 days: MOH data 2-passenger limit for taxis, private-hire cars amid tightened Covid-19 restrictions

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.Britain imposed new measures in several northern counties at the end of last week, while there are reports the government is considering fresh moves to avert another economically painful national lockdown, including sealing off London.

The new wave of infections has fanned fears that a nascent economic recovery will be knocked off track."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. headtopics.com

"But returning to where we were before we started is going to be a real challenge and is going to require ongoing monetary and fiscal support. It's a long way out of here, unfortunately."In early trade, Japan's Nikkei 225 rose 1.9 per cent as investors picked up cheap stocks following a steep drop last week, while there was also some cheer in data showing the country's economy contracted less than first thought in January-March.

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.Sydney edged up slightly despite the new lockdowns in Victoria.Singapore's Straits Times Index was down 1.4 per cent going into the midday trading break.

CONGRESS AT LOGGERHEADSHowever, Hong Kong shed more than one per cent as the city continues to see more than 100 infections a day, forcing authorities to put ever-tighter measures in place, while Singapore and Taipei were each off around one per cent.

Manila tanked more than three percent after the government said it would shut down the capital and nearby provinces for 15 days after a surge in cases.But AxiCorp's Stephen Innes said:"It's Monday and risk usually starts lousy after investors weekend-soak in Covid-19 headlines then turn better, so we could see a bit of a recovery from here." headtopics.com

Woman being investigated for not wearing a face mask at Marina Bay Sands 19 new community cases in Singapore, including 8 linked to Changi Airport cluster Lisa Kudrow Opens Up On Filming Friends Reunion Special: “It Was Really Emotional”

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."US politicians remain at loggerheads unable to find a common ground for a new virus economic relief package," said Rodrigo Catril at National Australia Bank.

"Now around 30 million Americans face the prospect of no income support, harming the US recovery, which was already showing signs of losing momentum."Adding to the unease on trading floors is Secretary of State Mike Pompeo's warning that the White House will unveil measures against"a broad array" of Chinese-owned software.

He said TikTok and other Chinese software companies operating in the US, such as WeChat, feed personal data on American citizens directly to the Chinese Communist Party. Read more: The Straits Times »

1.8 million people have received at least one dose of COVID-19 vaccine: Health minister

A total of 1.2 million people have completed the full vaccination regimen, says Mr Gan Kim Yong.

Hong Kong government's election delay may be unlawful: Bar associationHONG KONG: The Hong Kong government's decision to postpone an election for the city's legislature by a year, by invoking emergency legislation ...

Hong Kong: Stocks start Monday with losses[HONG KONG] Hong Kong shares dipped at the start of trade on Monday on concerns about the spread of coronavirus around the world and lingering China-US tensions. Read more at The Business Times.

Hong Kong opens makeshift hospital for COVID-19 patientsHong Kong opened a temporary field hospital with 500 beds on Saturday to house stable COVID-19 patients as the city battles a new wave of virus infections. The financial hub had been a poster child for tackling the coronavirus, with local transmissions all but ended by early summer. The opening of

China embassy criticises Germany's suspension of extradition treaty with Hong Kong[SHANGHAI] China's embassy in Germany condemned Berlin's suspension of its extradition treaty with Hong Kong, a move Germany said was a response to the postponement of an election in the Chinese city. Read more at The Business Times.

Hong Kong opens makeshift hospital for COVID-19 patientsHong Kong opened a temporary field hospital with 500 beds on Saturday to house stable COVID-19 patients as the city battles a new wave of virus ...

Hong Kong govt's election delay may be unlawful: Bar associationHONG KONG (REUTERS) - The Hong Kong government's decision to postpone an election for the city's legislature by a year, by invoking emergency legislation after a spike in coronavirus cases, may be unlawful, the city's bar association said.. Read more at straitstimes.com.