Asian shares seen cautious on surging COVID-19 cases

25.01.2021 - Davydova Maria
Asian shares seen cautious on surging COVID-19 cases

Asian share markets were seen subdued on Monday. Investors’ downbeat sentiment could be attributed to an increase in coronavirus cases and as pessimism grew over the ability of vaccine makers to provide the pledged doses on time.

MSCI’s broadest index of Asia-Pacific shares outside Japan was seen inactive. The index placed below its record peak of 727.31 touched last week. While there was a drop, it still placed 8.5% higher in January. Japan’s benchmark index plunged 0.1%, while shares down under traded positively as the country’s drug regulator approved the Pfizer/BioNTech vaccine.

Coronavirus cases across the globe will soon breach 100 million, with recorded mortality already at 2 million. However, optimism brought by vaccines and a brisk economic recovery kept financial markets buoyant.

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?