(Eli Segal)
Asian stock exchanges have seen an upturn this morning, against the recent surge in Wall Street and optimism in light of recent reports of a slowdown in the spread of the corona: the Nikkei jumped 2%, the Japanese government approved a $ 357 billion incentive package.
Soft Bank rose 1.4%. The Shanghai index jumped 2.1 percent and Hang Sang strengthened 1.9 percent. Cospi climbed 1.8% in Seoul, Samsung climbed 1.8%. The Sydney Stock Exchange has erased 0.7%, after the Reserve Bank left interest rates at 0.25%.
Corona Onion Stock Exchange
(Photo: AFP)
Last night a meteoric surge on Wall Street ended trading – the Dow Jones Industrial Average shot up 7.7%. In the background, a fall in the number of people infected in the US last night and an upbeat message from the Trump administration. Nasdaq took off 7.3% and S&P 500 6.7%. The Russell 2000 Index jumped 8.7 percent. Notable: Boeing took off more than 19%, McDonald’s up 10%, IBM, Intel and Microsoft more than 7%. Teva jumped 12.5% after buying from UBS. Carnival shot almost 21% – Saudi Arabia in a huge acquisition of Cruise Shares.
