BENGALURU/MUMBAI, April 3 (Reuters) – Physical bullion markets in major Asian hubs saw a sharp divide this week with some regions seeing a surge in demand, while others grappled with strained supply and muted activity amid global lockdowns due to the coronavirus.
Mr Wilson added: ‘Global stocks got off to a soggy start in April as economic damage wrought by the coronavirus was laid bare and investors felt there was not yet enough to show the virus was at or near its peak in Europe or the US.
While millions living in slums wait out lockdowns in cramped homes, Asian governments are also trying to accommodate tens of thousands of returnees who must be quarantined to limit infections, using military camps, hospital wards and hotels.
“The shift in rhetoric from the White House has hurt some of the more bullish traders,” said Michael McCarthy, chief strategist at brokerage CMC Markets in Sydney, while optimism about local stimulus was waning quickly.
SYDNEY, March 31 (Reuters) – Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down.
Australia’s benchmark ASX 200 index fell 2.6%, led by falls in bank stocks after New Zealand’s central bank ordered a suspension of bank dividends – hitting Australia’s banks, which own most of New Zealand’s big lenders.
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economic activity is likely to be “very bad” and the unemployment rate could rise above 10% because of efforts to slow the spread of the coronavirus, Cleveland Federal Reserve Bank President Loretta Mester told CNBC.
“It’s month-end rebalancing, whereby balanced funds now underweight equities versus fixed income given this month’s valuation destruction, need to buy stocks to get back into balance,” analysts at NAB said.
Police arrested a 17-year-old woman on Tuesday afternoon and charged her with three counts of common assault, use offensive language in/near public place, and two counts of attempt stalk/intimidate intend fear of harm.
(Reporting by Gabriel Crossley and Ryan Woo; Editing by Tom Hogue and Muralikumar Anantharaman) “Governments’ attention is distracted away from their long-term projects towards their short-term crisis response,” he said.
Flows into gold-backed ETFs have ballooned by $13 billion so far this year, the most since 2004. In the gold market all the talk has been of a rush of demand for the physical product amid shortages in coins and small bars.
KUALA LUMPUR, April 2 (Reuters) – Nations considering bids to host the 2027 Asian Cup have been given an extra three months to lodge expressions of interest due to the coronavirus pandemic, the Asian Football Confederation (AFC) said on Thursday.
The embassy spokesman said they were ‘disappointed’ with airlines who had denied boarding to UK citizens, and added: ‘It’s a horrible situation to be in and that’s why we’re trying desperately to get them out.
Another 32 percent who avoided the Internet said it was too difficult to use. Out of that group, 8 percent said they were “too old to learn.” And 19 percent cited cost, saying they couldn’t afford Internet service or a computer. In that year, 34 percent said they didn’t go online because they had no interest in the Internet or didn’t think it was relevant to their lives.
“I think Lucas Neill at that stage came to that Asian Cup not in a good state of mind because of the fact that Graham Arnold had offered him the captaincy because he wasn’t sure whether I was going to come to the Asian Cup or not,” Viduka told ESPN.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.1% after China’s official manufacturing purchasing managers’ index (PMI) bounced to 52.0 in March, up from a record-low 35.7 in February.
Shares in China, where the coronavirus first emerged late last year, rose 0.74%, supported by hopes the world’s second-largest economy has started to recover. There were some bright spots during Asian trading.
China demanded an explanation from Brazil Monday after the far-right government’s education minister linked the coronavirus pandemic to the Asian country’s “plan for world domination,” in a tweet imitating a Chinese accent.
Former Asian football champions Western Sydney Wanderers have joined other A-League clubs by temporarily laying off their squad and staff, reports said on Wednesday, as the coronavirus shutdown takes a heavy toll on sport.
A government run helpline for vulnerable people, including victims of domestic abuse, in Malaysia has seen an increase in calls of more than 50 percent since the start of the lockdown on March 18, local media reported.
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