Börse Express – Asian stocks: losses

Concerns about the rapid rise in the number of new corona infections hit investors in Asia on Monday. After the US stock markets plummeted again on Friday for this reason, the Asian stock markets followed.

“Virus worries dominate what happens on the trading floor,” said portfolio manager Thomas Altmann from QC Capital. The USA in particular remains the hotspot of the corona pandemic. At the same time, this is still the first wave of infections, the spread of which has accelerated further. “The longer this wave continues, the greater the damage to the economy will be in the end.” A v-shaped recovery that is longed for on the stock exchanges is moving further and further away, which also means that the advanced share prices have already gone too far.

The Japanese leading index Nikkei 225 ended trading at a discount of 2.30 percent to 21,995.04 points, making its moderate profit from the previous week history. The stock exchanges in South Korea and Australia also recorded pronounced losses on Monday. In Mumbai, India, the trend has recently been down a somewhat more moderate 1.3 percent.

The leading index Hang Seng lost in Hong Kong most recently 1.39 percent to 24,208.37 counters. There, the “law for the protection of national security” planned by China and widely criticized in large parts of the world continued to be in view. Hong Kong citizens are increasingly seeing the autonomy of the Special Administrative Region threatened.

The Chinese CSI issued on the Chinese mainland stock exchanges, where no trading took place due to the dragon boat festival on Thursday and Friday in late trade by 0.91 percent to 4101.46 points. The CSI contains the 300 most important stocks on the Chinese mainland stock exchanges.

The World Health Organization (WHO) announced on Sunday evening a new record for the daily reported new infections with the corona virus. 189,000 new cases had been registered worldwide within 24 hours. Brazil and the United States once again stood out among the countries with a particularly high number of new infections

 ISIN  XC0009692440  HK0000004322  JP9010C00002  CNM0000001Y0

AXC0097 2020-06-29 / 08: 36

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

– .