Business & Investment

Questions about Investing.com’s decline in Asian equities, when and how much US stimulus remains

© Reuters.

Gina Lee

Investing.com – US sessions were choppy overnight as stock prices in the Asia-Pacific region fell on Tuesday morning, potentially delaying the passage of US stimulus measures. The ever-increasing number of COVID-19 cases worldwide has also exacerbated investor sentiment.

Japan fell 0.82% by 10:20 pm (Greenwich Mean Time 3:20 am).

South Korea fell 1.32%. The Bank of Korea said on the same day that the country’s growth rate was 1.1% quarter-on-quarter, above the 0.7% growth forecast prepared by Investing.com, but below the 2.1% growth recorded in the third quarter. It was.

Hong Kong fell 1.99%.City Food and Health Director Sophia Chan approved on Monday Pfizer Inc (NYSE :) -BioNTech SE (F :) COVID-19 vaccine for initial deployment in Hong Kong. It will start after the Chinese New Year holidays next month.

China was down 1.17%, but down 1.66%.

The Australian market is closed due to holidays.

Concerns have emerged about the timing and amount of further US stimulus after Democratic leader Chuck Schumer warned that a comprehensive deal could be four to six weeks away. But he added that some COVID-19 bailouts could be advanced before the second impeachment trial of former President Donald Trump began in early February.

President Joe Biden is ready to negotiate a $ 1.9 trillion stimulus package he proposed with Republicans earlier this month. However, because the Democratic Party now controls parliament, so far the Democratic-only route has not been ruled out.

“The immediate question is when and how much stimulus aid will be approved,” Christopher Grisanti, chief equity strategist at MAI Capital Management, told Reuters.

The Senate also cast 84-15 votes to confirm that Janet Yellen was the first woman in the role, the Treasury Secretary. Yellen is now expected to swiftly work on COVID-19 bailouts, review US sanctions policies, and tighten financial regulations.

With the recent rise in global equities, investors are looking for new catalysts to make them higher, or at least justify current valuations.

So far, all attention has been paid to the Federal Reserve’s policy meeting today, with policy decisions to be taken over on Wednesday. The focus is also on numerous US economic data released throughout the week, including.

Global equities are now breathtaking after a strong bull last week, but some investors were optimistic despite the downtrend.

“Risk appetite has clearly improved … central banks and governments need to step into accelerators,” Kiwibank Chief Economist Jarod Kerr told Reuters.

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Questions about Investing.com’s decline in Asian equities, when and how much US stimulus remains

https://www.investing.com/news/stock-market-news/asian-stocks-down-question-on-when-how-much-us-stimulus-remain-2398457 Questions about Investing.com’s decline in Asian equities, when and how much US stimulus remains

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