Hang Seng Index closed at 23,263.63 and Nikkei 225 at 17,011.53.
I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.
I am not yet knowledgable enough for this but I hope anyone can expand these and if this posted please delete.
Keep safe everyone.
I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.
I am not yet knowledgable enough for this but I hope anyone can expand these and if this posted please delete.
Keep safe everyone.
The overall market is far from recovering. Due to COVID-19 outbreak, the production industries are hit big time and such production industries are usually the backbone of any economy. Such industries are also mass employer while IT and other industries require specialized skillsets. As per the current scenario, there is no sign of such production industries to resume their operations. Unless these industries are back in business, stock market recovery will not happen. What you are seeing, is a temporary correction and nothing else. We will need more time before the market actually comes back to its normal stance!