The fear of Covid-19 made Japan – Korea stocks decline

After the previous trading day with mixed fluctuations, Asia-Pacific stocks today 15/12 “red to the floor” when investors fear that the Covid-19 translation tends to increase in many countries.

Both Japan’s Nikkei 225 and Topix index fell on December 15 trading day. Photo: AFP

The mainland Chinese stock market was mixed today. The Shanghai Composite Index slid slightly to 3,367.23 points, while the Shenzhen Component still edged up 0.52% to 13,763.31. The Hong Kong market closed in the red with the Hang Seng Index down 0.69% to 26,207.29 points.

The National Bureau of Statistics of China today 15/12 announced that the country’s industrial production in November increased by 7% over the same period last year, while retail sales in November also increased by 5% compared to the same period last year. A year ago.

In Japan, the Nikkei 225 index slipped 0.17% and closed at 26,687.84 points, while the Topix index fell more deeply 0.47% to 1,782.05 points. South Korea’s Kospi index fell 0.19% to 2,756.82 points. Overall, the MSCI Asia-Pacific (excluding Japan) decreased by 0.39%.

Australian stocks today changed “floor red” after the warning of the Central Bank of Australia, with the S & P / ASX 200 index down 0.43% to 6,631.30 points. Australia’s central bank today released the minutes of its December policy meeting with a warning that the possibility of “rising unemployment will last” as it will take time for production activities to return to normal levels. Covid-19 pandemic.

“The high unemployment rate and the overcapacity of the (Australia) economy will generally cause the wage burden to rise and inflation to stay low in the coming years. The Australian Central Bank has identified tackling the rising unemployment rate as an important national priority, “said the minutes of the meeting.

Shares of Australian coal mining companies slipped today after the news that China gave the green light to power plants that imported coal, except for imports from Australia. Specifically, shares of Coronado Global Resources “evaporated” to 10.04%, while shares of two other coal mining companies, Yancoal and Whitehaven Coal, slipped 8.43% and 5.88% respectively. In addition, shares of Australia’s leading mining company BHP also could not avoid a “fiery red” trading day with a decrease of 2.25%.

Earlier, Chinese state media reported that the country’s top economic planners allowed power plants to import coal without customs clearance, “except coal from Australia”. The Australian Prime Minister said today, December 15, that the country is studying to clarify the above information.

Trade disagreements between Australia and China have been going on for months, with China imposing tariffs on Australian products, from barley to wine.

Meanwhile, the fear of Covid-19 continues to cause investors to falter. The number of deaths caused by Covid-19 in the US has reached 300,000, far exceeding the figure of about 100,000 in countries around the world, according to data from Johns Hopkins University.

New York City mayor has just issued an announcement, this city may soon have to “blockade the whole”. The New York warning comes even though some Americans have been given the first Covid-19-resistant vaccine made by the pharmaceutical company Pfizer.

In the UK, London will increase the level of countermeasures to the Covid-19 epidemic to the highest level in the UK from dawn 16/12.

On the money market, the greenback inched up today after several days of weakness. The US dollar index against other major currencies rose to 90.70, from below 90.6 previously set. Meanwhile, the Japanese Yen depreciated and converted 104.05 JPY / USD, compared to 103.8 JPY / USD set yesterday, while the Australian dollar weakened to 1 AUD for 0.7526 USD, from level 1 AUD / 0.756 USD in the previous trading day.

Oil prices on the Asian market went down this afternoon. Futures prices for Brent crude fell 0.28% to $ 50.15 / barrel, while the US crude futures price slid 0.23% to $ 46.88 / barrel.

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