• MTS Futures News_PM_20200402

    2 Apr 2020 | SET News

· Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims.

MSCI’s broadest index of Asia-Pacific shares outside Japan struggled to advance, and traded flat. Japan’s Nikkei followed a heavy fall on Wednesday with a 1.4% drop.

· Japanese stocks fell for a fourth straight session on Thursday, hit by concerns the country was on the verge of a coronavirus crisis as the global death toll continued to climb.

The Nikkei index ended down 1.37% at 17,818.72, shedding 25% so far this year.

Experts warned on Wednesday that Japan was on the brink of a crisis as virus cases rise relentlessly around the nation, increasing the chance of lockdowns and other severe restrictions on personal movement that will hurt economic activity.

· China stocks settled higher on Thursday, led by energy shares as crude oil futures jumped on hopes for a deal to end the price war between Saudi Arabia and Russia, and by tech firms.

At the close, the Shanghai Composite index was up 1.69% at 2,780.64.

· European shares bounced on Thursday, driven by a recovery in energy stocks on rising hopes of a truce in the Saudi-Russia oil price war, but worries about the coronavirus pandemic lingered ahead of another expected surge in U.S. jobless claims data.

The pan-European STOXX 600 index was up 0.6% at 0704 GMT, with Royal Dutch Shell (RDSa.L), Total SA (TOTF.PA) and BP (BP.L) jumping between 3.3% and 5.0%. The wider energy index .SXEP surged 3.7%.

Reference: Reuters, CNBC 

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