|Day's range||2,909.12 - 2,930.80|
|52-week range||2,646.80 - 3,127.17|
Asian stocks were up on Tuesday morning after Moderna (NASDAQ:MRNA) announced “positive” results for its potential COVID-19 vaccine. President Xi Jinping said that China will provide $2 billion over two years to help other countries combat COVID-19 during the opening ceremonies for the World Health Assembly on Monday. Meanwhile, U.S. President Donald Trump also threatened to cut funding to the World Health Organization and withdraw U.S. membership.
Asian stocks were down on Tuesday morning, giving up their gains from the previous session as fears of a second wave of COVID-19 infections mount. Down Under, the ASX 200 led the losses as it slid 1.55% by 10:17 PM ET (3:17 AM GMT) and Hong Kong’s Hang Seng Index fell 1.42%. The country’s National Bureau of Statistics said that the consumer price index for April declined 0.9% month on month but rose 3.3% year on year..
Asian stocks suffered losses on Monday morning as tensions escalated between the United States and China, prompting investor fears of a further obstacle to the global economic recovery from the COVID-19 pandemic. U.S. Secretary of State Michael Pompeo said overnight that there was “enormous evidence” showing that the COVID-19 outbreak began in a Wuhan laboratory, but he did not elaborate on what the evidence was. Pompeo’s comment came after U.S. President Donald Trump demanded answers from China about the virus’s origin, even hinting at possible retaliation last Thursday.
Asian stocks were up on Wednesday morning as investors await a U.S. Federal Reserve decision on interest rates, expected later in the day. “We are not expecting any policy action from the Fed, which has already unleashed unwavering policy easing at emergency meetings; from slashing rates to essentially zero; “unlimited QE”; to various extended liquidity/lending facilities,” Mizuho Bank analysts said in a note.
Investing.com -– Asian stock markets were mostly down on Thursday as the COVID-19 pandemic continued to bring economies and governments to their knees.
Investing.com - China said its industrial output, retail sales and fixed income investment all fell a lot more than expected at the start of the year.