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    Shimao shares focus on Covid cases

    Pedestrians passing by the electronic stockboard of the ASX Ltd. Exchange Center in Sydney, Australia, on Thursday, February 14, 2019, will be reflected in the window.

    Davidmore | Bloomberg | Getty Images

    Singapore — The Asia-Pacific market traded mixedly on Monday as investors were on the lookout for a coronavirus pandemic and rising interest rates in the United States.

    In South Korea Kospi The KOSDAQ fell 1.28%, while the index fell 1.02%.

    Mainland China stocks have fallen, Shanghai Composite It decreased by 0.42% and the Shenzhen component decreased by 0.23%.

    Australian benchmark ASX 200 After going back some of the previous losses, it fell 0.04%. The heavily weighted financial subindex slid 0.2%, while the energy index and materials index rose 1.18% and 1.63%, respectively.

    The share of major miners has risen: Rio tinto 2.78% added, Fortescue 2.65% increase, BHP Added 2.36%.

    Hong Kong Hang Seng Index Taiwan’s Taiex added 0.23%, while the overall downward trend receded, rising 0.8%.

    Share China life Hong Kong insurance fell 1.93%, recovering from previous losses of over 2.3%. According to Reuters, the Central Commission for Discipline of the Communist Party of China has targeted China Life Insurance Chairman Wang Yu on Saturday. The company’s Shanghai-listed stock fell by more than 2%.

    Shimao Group Stocks rose 5.11%. According to Reuters, this followed Caixin’s report that a underfunded company had put up all real estate projects, including residential and commercial real estate.

    The Japanese market is closed due to public holidays.

    Monday’s session followed Friday’s mixed session in Asia, but on the state side, all three major equity averages fell.

    Stock Selection and Investment Trends from CNBC Pro:

    The 10-year government bond yield Got high Friday is 1.8% Following the release of the Non-Agricultural Employment Report in December, 199,000 jobs were added that month. This was well below market expectations for 422,000 jobs.

    Minutes from the December meeting of the Federal Reserve Board last week showed that authorities are ready to actively dial back policy support. It showed that the central bank plans to shrink its balance sheet in addition to raising interest rates.

    Elsewhere Covid cases continue to grow exponentially Around the world, following the emergence of highly contagious Omicron variants. Record numbers of cases have been reported in recent weeks in locations such as the United States, Australia and the United Kingdom.

    “Omicrons are much more infectious than Delta, but benevolent and less likely to cause hospitalization, according to early studies, and booster vaccines further reduce the risk of hospitalization,” ANZ Research analysts said in the morning. Mentioned.

    “Unfortunately, it’s clear that the inflation roller coaster ride isn’t over, as the pandemic supply shortage continues to grow,” they added.

    Currency and oil

    In the currency market, Dollar index It traded at 95.802, up 0.09% against the baskets of other companies in the same industry.

    The Japanese yen Changed hands at 115.62 per dollar Australian dollar It traded at $ 0.7186, up 0.11%.

    Oil prices fell during Asian trading hours on Monday: U.S. crude oil It was down 0.44% at $ 78.55 a barrel.

    “Geopolitical tensions are likely to impact the commodity market this week,” said an analyst at ANZ Research. “The gas market is at stake due to continued tensions in Ukraine, Anxiety in Kazakhstan It threatens the supply of major metals. “

    Shimao shares focus on Covid cases

    Source link Shimao shares focus on Covid cases

    The post Shimao shares focus on Covid cases appeared first on Eminetra.

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