Asian stocks plunged on Tuesday after an unnecessary day on Wall Street as investors waited to see if Congress could break a logjem on delivering more aid to people, businesses and local governments affected by the coronavirus epidemic.
Japan’s benchmark Nikkei 225 index fell when Prime Minister Yoshihid Suga announced the postponement of a travel promotion program that has helped businesses, but is believed to have helped revive the coronavirus outbreak.
The program was postponed from 28 December-January. 11, basically the whole New Year rush period, when most families are on vacation or going back to their homeland. The go-to travel program and the second dub go go it mainly provide ste bho discounts on hotel rooms and meals and have helped shock from the loss of almost all inland foreign tourism due to epidemic control and concerns.
On Tuesday, the Chinese government released a raft of monthly figures showing retail sales, industrial production and investment in factory equipment and other fixed assets as expected in November. However, the Shanghai Composite Index fell 0.4% to close at 3,356.11.
Other regional benchmarks also track the isolation of regional streets. Hong Kong’s Hang Seng fell 0.5% to 26,252.50 and the Tokyo Nikkei 225% fell 0.3% to 26,648.83. South Korea’s Kospi fell 0.5% to 2.750.85 while the S&P / ASX 200 fell 0.4% to 6,635.00.
Expanding its pullback from recent month’s gains, the S&P 500 fell 0.4% to 3,647.49 on Monday after rising 0.9% at the start of the session. It was his fourth straight decline, the first since September. The downturn in the financial, industrial, industrial and healthcare sectors led to a retreat, with additional gains by companies relying on technology stocks and consumer spending.
Treasury yields were largely high, a sign of optimism in the economy. However, yields in the 10-year Treasury fell to 0.89% from 0.90% late Monday night.
The Dow Jones Industrial Average fell 0.6% to 29,861.55. The Nasdaq rose 0.5% to 12,440.04. Smaller companies maintained better positions than their larger competitors, as the Russell 2000 index rose 2.16 points, or 0.1%, to 1,913.86.
Americans began receiving the country’s first vaccination against Covid-19 on Monday, a process expected to take months.
Health care workers and nursing home residents are in the front lines for these shots, and hopefully a massive rollout next year will help curb the epidemic and lead the economy back to normal following this year’s devastation.
Rising coronavirus calculations are slowing the economy, as seen last week in a worse-than-expected report on the issue of unemployment. Rising deaths are prompting governments to restore various controls on companies. They are also scaring potential customers away from the business.
Efforts to deliver a second round of economic aid to the U.S. economy have stalled due to bitter bias. Top Washington Washington negotiators continued to reach a long-delayed agreement on COVID-19 relief on Monday, but rank-and-file Democrats resigned as more and more states and locals sought financial relief that was thrown out of balance by governments’ budget epidemics. has come.
“Again, it looks like we’re stuck in a negative feedback loop,” Stephen Ince of Exxon said in a comment. “Unless policymakers exaggerate market expectations, especially at this time of year when our risky earnings give way to profit, it seems that virus-related economic sanctions will never stop bothering the market as it continues (it continues). The fence in the middle will lengthen. Hope and reality. ”
Even without a second round of stimulus, investors are facing a strong environment in the coming year that includes low inflation and ultra-low interest rates.
Hopes, meanwhile, has raised eyebrows over a possible deal on the terms of the UK’s exit from the European Union.
Michel Barnier, the EU’s chief negotiator On Monday, he said he believed a trade deal was possible after nine months of negotiations, while the remaining disputes were now only two. Even so, both sides are still struggling to make ends meet. They are committed to the final push before January 1, while Britain’s transition period ends after January.
Benchmark U.S. in other businesses. Crude oil traded down 23 cents in electronic trading on the New York Mercantile Exchange. 46.76. On Monday it rose 42 cents per barrel. Has reached 46.99.
By international standards, Brent crude is trading at 1.50.13 a barrel, down 16 cents.
The US dollar rose from 104.06 yen to 104.07 Japanese yen late Monday night. The euro strengthened from 1.2145 to 1.2162.
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Contributed by AP Business Writers Stan Choi, Alex Vega and Damien J. Trois.
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