Stocks in Asia were set to decline at the open on Monday as fears resurface over the coronavirus pandemic.
Developments surrounding the coronavirus pandemic will likely continue to be watched by investors on Monday.in a "wartime emergency" after a cluster of infections was found
centered around a wholesale market, according to Reuters. Stateside, Texas and North Carolina also reported a record number of virus-related hospitalizations on Saturday. "News over the weekend have done little to ease concerns over the risk of a new round containment measures," Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, wrote in a note.
"As economies reopen, an increase in infection rates is to be expected, the question is whether detecting measures will be efficient enough to allow for localised containment measures without having to shut the whole economy again," Catril said. On the economic data front, a slew of Chinese economic data for May is set to be released around 10:00 a.m. HK/SIN, with industrial production as well as fixed asset investment for that month expected., which tracks the greenback against a basket of its peers, was last at 97.225 after rising from levels below 96.5 last week.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia Today: China reports 57 new cases; 34 in South KoreaChina reports its biggest one-day jump in cases in two months after closing the biggest wholesale food market in Beijing and locking down nearby residential communities. The 57 new confirmed coronavirus infections include 36 in Beijing.
Read more »
Fears of virus second wave as China battles fresh outbreakChina reported its highest daily number of new coronavirus cases in months on Sunday, triggering fears of a second wave of infections as more European countries prepare to reopen their borders. The shock resurgence in domestic infections has rattled China, where the disease emerged late last year but
Read more »
Asia Today: Beijing shuts food market after 7 new casesBeijing closes the city’s largest wholesale food market after the discovery of seven cases of the new coronavirus in the previous two days. The Xinfadi market will be disinfected after workers tested positive and the virus was found in the environment.
Read more »
Coronavirus live updates: European countries ease travel restrictions, bans still in place for U.S., AsiaThe coronavirus has infected more than 7.80 million people globally as of Sunday, and killed at least 430,550.
Read more »
Annecy Stages 2nd Focus on South-East Asia MIFA ProgramThis year’s online Annecy Festival includes a Territory Focus on South-East Asia, co-organized by Annecy and the French Embassy. This is the second edition of the initiative, part of Annecy’s…
Read more »
Asia Today: India passes 300,000 cases with single-day highIndia reports more than 11,000 new coronavirus infections, another single-day high for the country, as it passed 300,000 cases. The country also reported 386 deaths, raising the number of fatalities to 8,884.
Read more »