Investing.com – Asia Pacific stocks rose nearly Monday morning, could impose a state of emergency on Japan that would limit profits from the record rise in 2020.
Japan at 10:27 pm (Greenwich Mean Time 3:27 am) after Japan’s Prime Minister Yoshihide Suga said he would consider a new state of emergency to stave off a record number of COVID-19 cases in the last few years. By the minute) it had decreased by 0.63%. days.
The government will soon finalize the scope of the urgent declaration, Suga told a press conference earlier in the day. He also said he would call on Congress to amend the virus control law when it was convened later in the month.
South Korea surged 2.36%. In South Korea, more than 1,000 cases occur a day in four days, and in response to this, the prohibition of private gatherings of four or more people is expanded nationwide, and the rule for expanding social distance is unprecedented in the Seoul metropolitan area. Expanding.
Australia was up 1.41% and Hong Kong was up 0.92%.
China was up 0.79% and up 1.88%. It came in at 53 in December, which is lower than both the forecast 54.8 and the November 54.9 readings made by Investing.com.
Meanwhile, China’s oil majors could be the next candidate for delisting on the US stock exchange. The New York Stock Exchange last week, China Mobile Ltd (HK :), China Telecom Corp Ltd (NYSE :) and China Unicom Hong Kong Ltd (NYSE :) have all been suspended from January 7th to January 11th and delisting procedures have already begun.
Global share began in 2021 with a wealth of valuations, but with the hope that widespread distribution of the COVID-19 vaccine, central bank support and government support will lead to economic recovery, COVID-19 The number of cases is increasing worldwide, and optimism is appreciated because some investors are cautiously optimistic.
“COVID-19 cases and vaccine distribution will continue to be an important focus for investors for now. Without widespread distribution of vaccines, given the impact on social mobility and economic shrinkage, COVID-19 and the economic path are locked together. As immune levels rise in the middle of the year, this link breaks, but until then, the economic pathways in the first quarter will be volatile. “JP Morgan (NYSE :), global market strategist for asset management, Kelly Craig told Bloomberg.
According to data from Johns Hopkins University, the number of COVID-19 cases exceeded 85 million as of January 4, and more than 20.6 million in the United States alone.
Investors also have a January 5th vote in Georgia for the two Senate seats that determine which party controls the Senate.
If incumbent Republican candidates win either or both seats, they will maintain a majority and interfere with President-elect Joe Biden’s agenda.
But the Democratic victory, which hasn’t happened in the state for 20 years, has seen more inspiration.
“If the Democratic Party wins both races, Kamala Harris in the vice presidential election will vote for a tiebreaker, giving the party unified control of the White House and Congress,” a CBA analyst said in a memo.
“This makes it more likely that important US infrastructure spending packages will be quickly tracked through Congress,” he added.
The Federal Reserve Board will also release the minutes from Wednesday’s December meeting. The minutes are expected to clarify their positive policy guidance and provide details of discussions on the potential for further increases in asset purchases in 2021.
Investing.com’s inventory in Asia will increase, but profits will be limited by Japan’s new state of emergency outlook
https://www.investing.com/news/stock-market-news/asian-stocks-up-but-gains-capped-by-prospect-of-a-new-japanese-state-of-emergency-2378889 Investing.com’s inventory in Asia will increase, but profits will be limited by Japan’s new state of emergency outlook