Asian markets set off to a bad start due to pandemic

Asian markets set off to a bad start due to pandemic

Threatened by a sick outlook of the United States and European markets following the global pandemic, Asian markets had a cold start early on Monday. Meanwhile, leaders of China met to think about the situation of the world economic power. 

 

In the last two days, the US has witnessed the highest number of coronavirus cases in the country. Besides, Spain has announced an unwanted emergency in the state and France is looking up to set a new and unrequired record for the pandemic. 

 

And with no progress on the US stimulus package, the combine efforts pulled S&P 500 futures downwards to 0.5 per cent. MSCI (MIAPJ0000PUS) climbed up paltry 01. per cent. However, it remained short of its 31-month high. The primary index of South Korea was down by 0.3 per cent. 

 

Notably, China’s blue chips lost 0.5 per cent as leaders of the country sat to plan economic reforms for 2021-2025.

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