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Stock markets picked up on Friday after a day of losses in Asia and following Wall Street’s heavy sell-off the day before on worries over a possible second wave of coronavirus cases. Dow and S&P 500 futures were up 2.2% and 1.9%, respectively, indicating some stabilization after the Dow on Thursday fell by almost 7%. |
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Mumbai, New Delhi and Chennai are the worst-hit cities in the country, and Bhargava said urban residents have greater chance of contracting the virus. Infections in rural areas have surged, however, after migrant workers who left cities and towns after they lost jobs returned to their hometowns. |
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By Stanley White. Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions. MSCI's broadest index of Asia-Pacific shares outside Japan slid 1. |
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NEW DELHI (AP) — India’s coronavirus caseload has become the fourth-highest in the world, overtaking Britain, by adding 10,956 new cases in yet another biggest single-day spike. India's two-month lockdown kept transmission low but in a large population of 1. |
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BEIJING (CHINA DAILY/ASIA NEWS NETWORK) - NATO Secretary-General Jens Stoltenberg on Wednesday (June 10) welcomed the security review the United Kingdom government is conducting over Chinese telecommunications equipment giant Huawei in building its 5G networks, saying it was "important". |
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SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) - A crisis is mounting between the United States and China, and South Korea has found herself suddenly caught in the crossfire of the two superpowers. Now under relentless pressure, the Korean government faces a sobering reality in which the answer to the.... |
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(Bloomberg) -- U.S. stock index futures advanced in Asian trading, as investors returned after the worst selloff in the cash market in 12 weeks amid signs of overheating as well as a possible second wave of coronavirus infections. Contracts on the S&P 500 rose 1% as of 11:30 a.m. in Tokyo, after the underlying index fell 5. |
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Similarly, August ICE Brent futures fell 7% over the same period to be pegged at $37.55/b at 0300 GMT on June 12, causing the Brent/Dubai Exchange Futures for Swaps spread to narrow to 38 cents/b in the morning of June 12 from 48 cents/b at the close on June 11. |
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A statue of a British naval captain has been removed by the city council in Hamilton, New Zealand after a local Māori elder threatened to take it down by force. The statue of Captain John Hamilton, after whom the city in the central North Island is named, was gifted to the city by a local company in 2013. |
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People walk through an underground shopping mall in Seoul, South Korea, Thursday, June 11, 2020. Just weeks ago South Korea was celebrating its hard-won gains against the coronavirus. It was easing social distancing measures, reopening schools and promoting its tech-driven methods of fighting the spread of the virus. |
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Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. Fear that a so-called “second wave,” is already coming has punctured bubbling optimism that a quick economic recovery was already underway. |
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Like the 2011 hit single “Gangnam Style,” the coronavirus arrived in the United States from Asia, caused a mass hysteria for several months, and now is being largely ignored and slighted by the American public. With 2 million people infected, over 110,000 deaths, and cases still spiking in nearly.... |
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Migrant workers and their families wait to have their temperatures checked before being allowed to board a train tomorrow for their hometowns, in Jammu, India, Thursday, June 11, 2020. Two and a half months of nationwide lockdown kept numbers of infections relatively low in India. |
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The declines came after the US Federal Reserve warned that the American economy faces a long road to recovery. In the US, the three main share indexes saw their worst day in weeks, with the Dow Jones Industrial Average down almost 7%. Stock markets in Asia also fell on Friday with benchmark indexes losing ground in Japan, Hong Kong and China. |
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Hundreds of children in Indonesia are believed to have died from COVID-19, giving the Southeast Asian country one of the world's highest rates of child deaths from the novel coronavirus, which experts around the world say poses little danger to the young. |
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NEW DELHI (AP) India’s coronavirus caseload has become the fourth-highest in the world, overtaking Britain, by adding 10,956 new cases in yet another biggest single-day spike. India's two-month lockdown kept transmission low but in a large population of 1. |
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(Bloomberg) -- Asian stocks came off their lows Friday after a wave of selling in the wake of a Wall Street rout triggered by concerns about the speed of the epic rally. Japanese shares were down about 1% after a 3% slide earlier, and declines eased in Australia and South Korea as well. |
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Losses were milder in Asia than in the U.S. partly because markets in the region have not seen massive gains in recent weeks: outbreaks of the virus, travel disruptions and business shutdowns remain apparent and hopes for a quick rebound more modest.
Although daily newly confirmed cases in Japan.... |
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NEW DELHI (AP) — India’s coronavirus caseload has become the fourth-highest in the world, overtaking Britain, by adding 10,956 new cases in yet another biggest single-day spike. India's two-month lockdown kept transmission low but in a large population of 1. |
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Read more...
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NEW DELHI (AP) — India’s coronavirus caseload has become the fourth-highest in the world, overtaking Britain, by adding 10,956 new cases in yet another biggest single-day spike. India's two-month lockdown kept transmission low but in a large population of 1. |
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Read more...
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Losses were milder in Asia than in the U.S. partly because markets in the region have not seen massive gains in recent weeks: outbreaks of the virus, travel disruptions and business shutdowns remain apparent and hopes for a quick rebound more modest.
Although daily newly confirmed cases in Japan.... |
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India's two-month lockdown kept transmission low but in a large population of 1.3 billion, people remain susceptible and the campaign against the virus is likely to go on for months, Balram Bhargava, director-general of the Indian Council of Medical Research, said. |
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NEW DELHI - India’s coronavirus caseload has become the fourth-highest in the world, overtaking Britain, by adding 10,956 new cases in yet another biggest single-day spike. India’s two-month lockdown kept transmission low but in a large population of 1. |
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buyers in the country said. “Things are much better now as malls and several shopping complexes have reopened. In two weeks, we expect more people to come out of their houses. July onwards things will be much better,” said Naveen Khemka, CEO South Asia, MediaCom. |
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Stocks in Asia Pacific dropped in Friday afternoon trade after an overnight plunge on Wall Street amid fears of a second wave resurgence of the
pandemic. South Korea's Kospi led losses among the region's major markets, dropping 2.37% in afternoon trade as shares of automaker Hyundai Motor fell more than 3%. |
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