Asian shares trade in green but COVID-19 caps gains

01.04.2020 - Korneychuk Evgeniya
Asian shares trade in green but COVID-19 caps gains

TOKYO- Asian shares gained on Wednesday, with Australian shares heavily contributing to the upbeat market activity. However, the margin of risk for equities remains wide as the novel coronavirus contagion brings constant disruptions to the world economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan increased up to 0.33%. Australian shares recovered from underperformance with 2.89% gains. It managed to recover a 2% loss from its previous session as new coronavirus cases subsided in number and oil demand brought relief to the market.

China shares raked in 0.18% gains as optimism emerged that the world’s second-largest economy is starting to recuperate from virus outbreak damages. South Korean shares also advanced with 0.19% gains.

Despite upbeat mood, S&P E-Mini futures placed lower in the Asian trading board indicating that investors remain cautious. Japanese shares also ran bear due to the high number of virus cases in Tokyo as the possibility of lockdown dragged indexes further.

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?