Asia trades higher despite COVID-19 worries

Monday, 06. July 2020 04:46

Major stock market indexes in Asia traded higher on Monday despite raising concerns over a potential second wave of the coronavirus pandemic. Previously, reports suggested that South Korean health officials are under pressure to bring back some of the coronaviruses lockdown measures after recording a rise in infections in some areas of the nation, which was also seen in several other countries across the globe.

The dollar traded 0.17% higher against the yen, going for 107.6875 at 04:45 am CET. In mainland China, the Shenzhen Composite surged 3.36% at 4:41 am CET, while, at the same time, the Shanghai Composite, added 2.49%.

At 4:39 am CET, Hong Kong's Hang Seng went up by 2.17%, as South Korea's Kospi increased by 1.29%. The Australian S&P/ASX 200 traded 0.09% higher a minute later, with Japan's Nikkei 225 gaining 1.37% at 4:30 am CET.

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Breaking the News / NL