Asian shares drop ahead of EU meeting, U.S. stimulus talks

Asian shares drop ahead of EU meeting, U.S. stimulus talks

Asian shares declined on Monday as oil and copper ran weakly. This followed after an upsurge in global coronavirus cases overshadowed markets, while investors waited for the European zone and the United States to implement fiscal stimulus to combat the virus crisis.

MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.2%, erasing initial gains after E-mini futures for the S&P 500 tallied a 0.4% loss.

Australian shares declined the most, dropping 0.6% as virus cases in Victoria’s Southeast state surged. South Korea’s KOSPI also shed gains, declining a total of 0.5% as Hong Kong’s Hang Seng index recorded a 0.4% drop. Chinese shares jumped 0.8%.

Japan’s benchmark index Nikkei fell 0.35%. This followed after data revealed that the country’s exports recorded a double-digit decline for four consecutive months ended June.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?