Asian stocks slip over mounting second-wave COVID-19 fears

15.06.2020 - Korneychuk Evgeniya
Asian stocks slip over mounting second-wave COVID-19 fears

Asian stocks mostly traded low earlier on Monday after a surge of COVID-19 cases in several countries during the weekend brought about fears of a second wave.

China’s Shanghai Composite increase by 0.01% at 10:33 PM ET (3:33 AM GMT), recovering gains lost in the previous session. Meanwhile, the Shenzhen Component was up by 0.35%, also reclaiming lost ground from the previous session.

China reported a second outbreak in Beijing during the weekend which had led to the closing of the area including 11 other districts. On June 13, 57 new cases were reported, making it the highest since April.

In Tokyo, 47 new cases were reported with a majority originating from nightclubs and bars, which had reopened after lockdown measures eased.

The number of global cases has since surged near 8 million as of June 15, according to data from Johns Hopkins University.

Hong Kong’s Hang Seng Index lost 0.53%, while South Korea’s KOSPI slid 0.29%.

Meanwhile, Japan’s Nikkei slipped by 0.81% a day ahead of a Bank of Japan’s policy meeting scheduled to be announced on Tuesday.

Down Under, the ASX200 fell by 0.24%.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?