Swiss Market Ends Sharply Lower
The Switzerland stock market ended sharply lower on Monday amid an escalation in U.S.-China tensions over the origin of the coronavirus outbreak.
The Switzerland stock market ended sharply lower on Monday amid an escalation in U.S.-China tensions over the origin of the coronavirus outbreak.
The Switzerland stock market ended higher on Thursday, in line with markets across Europe, reacting to news about gradual reopening of businesses across the continent and in several states in America.
Despite data showing consumer confidence in the country hitting a historic low, the Switzerland stock market ended on a firm note on Tuesday, as several countries across Europe relaxed shutdown restrictions and reopened some businesses.
European markets closed lower on Wednesday as investors made cautious moves amid concerns about the possible impact of any new wave of Covid-19 infection following lifting of lockdown restrictions in several places across the world.
The Switzerland stock market ended higher on Wednesday, bucking the weak trend seen across Europe.
The China stock market on Thursday snapped the three-day winning streak in which it had advanced almost 70 points or 2.5 percent. The Shanghai Composite Index now rests just above the 2,870-point plateau although it figures to rebound on Friday.
The Hong Kong stock market on Thursday snapped the two-day winning streak in which it had gathered more than 520 points or 2.2 percent. The Hang Seng Index now sits just above the 23,980-point plateau and it's called to open higher on Friday.
The Australian stock market is advancing on Friday after two days of losses following the positive cues overnight from Wall Street on upbeat corporate earnings results amid continued optimism about easing COVID-19 restrictions.
Ahead of Thursday's holiday for Vesak Day, the Indonesia stock market had finished lower in two of three trading days since the end of the four-day winning streak in which it had advanced more than 220 points or 4.9 percent. The Jakarta Composite Index now sits just beneath the 4,610-point plateau and it's likely to remain rangebound again on Friday.
The Japanese stock market is rising on Friday following the overnight gains on Wall Street on upbeat corporate earnings results and continued optimism about easing COVID-19 restrictions. Investors shrugged off data that showed Japan's services sector continued to contract in April.
Asian stock markets are higher on Friday following the positive cues overnight from Wall Street on upbeat corporate earnings results and continued optimism about easing COVID-19 restrictions. A continued decrease in the number of new jobless claims in the U.S. also boosted sentiment. Investors now look ahead to the release of the U.S. jobs data for April later today.
The China stock market had climbed higher in three straight sessions, collecting almost 70 points or 2.5 percent in that span. The Shanghai Composite Index now rests just beneath the 2,880-point plateau although investors may cash in on Thursday.
The Australian stock market is modestly lower on Thursday, extending losses from the previous session following the mixed cues overnight from Wall Street and the fall in commodity prices. Data showing that Australia's services sector continued to struggle in April due to pandemic-related closures and restricted activity also dampened sentiment.
Ahead of Wednesday's holiday for Wisakha Bucha Day, the Thai stock market had snapped the four-day winning streak in which it had accelerated almost 45 points or 3.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,280-point plateau and it may extend its losses on Thursday.
The Japanese stock market, which resumed trading on Thursday after a three-day holiday, is modestly lower following the lackluster cues overnight from Wall Street after a report showed that U.S. private sector employment nosedived in the month of April. The safe-haven yen also strengthened, dragging exporters' stocks lower.
Asian stock markets are mostly lower on Thursday after a fall in commodity prices overnight and as investors digested dismal economic data that reflected the impact of the coronavirus pandemic. Data showing that U.S. private sector employment nosedived last month and China's service sector also continued to contract in April dampened investor sentiment.
The South Korea stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had collected almost 60 points or 3.1 percent. The KOSPI remains just beneath the 1,930-point plateau although it may bounce higher again on Friday.
Ahead of Thursday's holiday for Vesak Day, the Singapore stock market had moved higher in two straight sessions, collecting almost 30 points or 1.2 percent along the way. The Straits Times Index now rests just above the 2,590-point plateau and it may add to its winnings on Friday.
The South Korea stock market bounced higher again on Wednesday, one session after it had ended the three-day winning streak in which it had collected almost 60 points or 3.1 percent. The KOSPI now rests just beneath the 1,930-point plateau and it may inch higher again on Thursday.
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