China shares support Asian markets; virus, presidential debate dampen mood

28.09.2020 - Kulakov Vladimir
China shares support Asian markets; virus, presidential debate dampen mood

Chinese shares lifted Asian share markets on Monday. However, market sentiment was dampened ahead of a U.S. Presidential debate and as an upsurge in new coronavirus infections dragged investors’ optimism for global recovery.

While MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.5% gain, it still placed near a two-month low seen last week. The index is set to close its monthly session at low levels after three consecutive months of gains.

Despite a turbulent session seen in Asia, Chinese shares supported the region as blue chips advanced 0.85%. Meanwhile, Shanghai’s SSE tallied a 0.5% gain. Japan’s benchmark index Nikkei jumped 0.75%, while South Korea’s KOSPI gained 1.1%.

Australia’s  S&P/ASX 200 salvaged initial losses backed by positive news that virus cases in Victoria had dropped, allowing authorities to lift some virus-related restrictions in the area.

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?