Asia opens the week mixed

Economies.com
2020-06-22 03:55AM UTC

Asian stock indices opened the first session of the week mixed with Japan mixed in particular, while China, Australia, South Korea rose, and as New Zealand and Hong Kong lost ground, as markets price in a possible second coronavirus wave with cases rising. 

 

The World Health Organization announced the biggest increase in Covid 19 infections in a single day at 183,000 new cases, with Brazil alone registering 54,771 new cases, while the US marked 36,617 new cases. 

 

India registered more than 15.4 thousand new cases in a single day as testing became more widespread, with the global death toll steadily approaching half a million. 

 

The International Monetary Fund will released global GDP forecasts tomorrow after its chief economist warned from much worse estimates than expected before. 

 

Japan's TOPEX Fell 0.04% to 1,582, while Nikkei 225 rose 0.09% to 22,499. 

 

China's CSI 300 rose 0.36%, while Shanghai added 0.22% to 2,974. 

 

Hong Kong's Hang Seng fell 0.36%, while South Korea's KOSPI inched up 0.04% to 2,142. 

 

New Zealand's NZX 50 fell 0.37%, while Australia's S&P/ASX 200 rose 0.38% to 5,965. 

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